The Asia-Pacific markets were trading mixed on Tuesday, without any significant triggers, following two major Wall Street indexes increasing overnight on tech optimism.
Amazon shares are up 4 percent on a $38 billion agreement with OpenAI, a deal that will consume hundreds of thousands of Nvidia graphics processing units.
Nvidia rose by approximately 2 percent when it obtained export licenses to export its chips to the United Arab Emirates.
The S&P/ASX 200 index in Australia dropped by 0.7 percent, awaiting the policy announcement of the Reserve Bank of Australia.
The Nikkei 225 of Japan gained 0.25 percent, and the Topix increased 0.52 percent; the Kospi of South Korea dropped 1.29 percent, and the small-cap Kosdaq rose by 0.24 percent.
Kospi has been up in 12 of the last 15 sessions, reaching various new highs in the current month on both global AI tailwinds and the local structural shift that is gradually eroding the long-standing “Korea discount.”
The Hang Seng index in Hong Kong was moving 0.23 percent upwards, whereas the CSI 300 in the mainland was steady.
In the U.S., the Nasdaq, which is technology-heavy, increased 0.46 percent overnight, and the S&P 500 rose 0.17 percent.
Therefore, the Dow Jones Industrial Average was the weakest, going down by 0.48 percent.
