Asian stocks moved broadly higher on Tuesday, led by gains in technology shares.
The rally followed a strong session on Wall Street, where renewed enthusiasm for artificial intelligence stocks boosted investor sentiment. Markets were also looking ahead to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week.
The Nasdaq climbed 2.3% to close at a record high, while the S&P 500 gained 1.5%.
Meta Platforms surged 11%, while Advanced Micro Devices rose nearly 10%, helping revive momentum across the wider AI trade.
Technology Stocks Lead Asian Markets Higher
South Korea’s KOSPI gained 1.7% as major technology companies advanced.
Samsung Electronics rose 2.1%, while SK Hynix climbed 2.6%.
Japanese stock markets were closed for a public holiday. However, Nikkei 225 futures edged 0.3% higher.
Taiwan’s Weighted Index advanced 1.5%.
Taiwan Semiconductor Manufacturing Co. gained 0.6%, while MediaTek surged more than 8%.
The strong performance reflected renewed investor demand for semiconductor and AI-related stocks.
Chinese and Hong Kong Stocks Extend Gains
Chinese and Hong Kong markets also moved higher as investors focused on the upcoming Trump-Xi meeting.
The Shanghai Composite rose 0.4%, while the CSI 300 added 0.7%.
Hong Kong’s Hang Seng Index gained 0.6%, and the Hang Seng TECH Index advanced 1.4%.
Major Chinese technology companies, including Alibaba, Baidu and Tencent, also traded higher.
Trump-Xi Meeting Comes Into Focus
Investors are closely watching the meeting between Trump and Xi, scheduled for September 24.
Trade relations, artificial intelligence, supply chains and broader geopolitical issues are expected to feature prominently in the discussions.
Officials from both sides have described recent preparatory talks in positive terms.
That has increased hopes that the current trade truce between the United States and China could be extended.
Any progress in the negotiations could have a significant impact on Asian stocks, technology companies and broader global risk sentiment.
Lower Oil Prices Support Risk Appetite
Falling oil prices also helped improve market sentiment.
Brent crude traded near $100.22 per barrel after dropping more than 3% on Monday.
The decline came as higher Saudi crude exports and hopes for renewed U.S.-Iran diplomacy eased concerns over energy supply disruptions.
U.S. President Donald Trump has said he would be open to meeting Iranian President Masoud Pezeshkian.
Pezeshkian is expected to be in New York this week for the United Nations General Assembly.
Lower energy prices can support risk assets by reducing inflation concerns and easing pressure on consumers and businesses.
Australia and Other Asian Markets Trade Mixed
In Australia, the S&P/ASX 200 gained around 0.2%.
However, losses in energy shares limited the broader market advance.
Elsewhere, Singapore’s Straits Times Index rose 0.4%.
Futures linked to India’s Nifty 50 slipped around 0.2%.
Overall, Asian markets benefited from strong U.S. technology shares, renewed enthusiasm for AI stocks and improving global risk sentiment.
Investors are now turning their attention to the Trump-Xi meeting, which could become a major catalyst for Asian equities later this week.
