Tokyo, Japan — Asian markets saw a buoyant opening on Tuesday, buoyed by a surge in U.S. stock indexes driven by advances in artificial intelligence technologies. The momentum from Wall Street paved the way for gains across the region, as investors reacted favorably to news surrounding key tech companies.

In particular, shares of Nvidia increased by over 1% following reports that the company plans to commence shipments of its H200 chips to China by mid-February. This announcement reflects the growing demand for AI-driven technology, contributing to Nvidia’s strong market position. Other major players in the tech sector also saw favorable movements, with Micron Technology up around 4% and Oracle gaining more than 3%.

Australia’s S&P/ASX 200 made notable progress, climbing 0.67% as it looks toward a fourth consecutive day of growth. Meanwhile, Japan’s Nikkei 225 remained relatively stable, showing little change. In contrast, the broader Topix index recorded a modest increase of 0.48%, signaling slight optimism in the Japanese market.

South Korea’s Kospi index rose by 0.55%, while the small-cap Kosdaq experienced a drop of 0.64%. This mixed performance reflects varying investor sentiments within South Korea’s equity landscape. Additionally, Hong Kong’s Hang Seng index increased by 0.27%, and the CSI 300 in mainland China registered a slight uptick.

The Hong Kong market particularly shone with the debut of new companies. QingSong Health Corporation and Nuobikan Artificial Intelligence Technology both witnessed remarkable initial public offerings (IPOs), with their share prices soaring by 134% and 323%, respectively. The overwhelming interest in QingSong’s IPO saw domestic shares subscribed 1,421 times, raising approximately HK$602 million (around $77 million). Nuobikan’s public tranche was also well-received, drawing subscriptions nearly 189 times, amassing HK$303 million.

Turning to Southeast Asia, Singapore is anticipated to unveil its November inflation figures soon. Economists have forecasted that inflation rates in the city-state may reach the highest levels seen this year, which will likely make investors closely monitor economic policies and potential impacts on consumer spending.

As financial markets move forward, the interplay between technological advancements, investor confidence, and economic indicators will remain crucial in shaping the investment landscape throughout the region.