Tech optimism surges across Tokyo, Seoul, and Sydney after Google’s Gemini 3 upgrade fuels a sharp Wall Street rebound and revives hopes of a Fed rate cut
MARKET INSIDER – Asia-Pacific equities opened firmly higher on Tuesday, tracking Wall Street’s powerful tech rebound after Alphabet led a renewed global rally in artificial intelligence stocks. Confidence surged late last week when the New York Fed signaled the door remains open for a December rate cut, but momentum accelerated Monday after Google unveiled Gemini 3, its upgraded flagship AI model—sending Alphabet shares up 6.3% and reigniting investor belief in Big Tech’s AI dominance.
Japan’s Nikkei 225 jumped 1.14%, while the Topix gained 0.7%, powered by semiconductor names. Chip-testing specialist Advantest climbed nearly 5%, Lasertec gained 2.75%, and Tokyo Electron—critical to Nvidia’s supply chain—rose 2.39%.
South Korea saw an even stronger surge: the Kospi rallied 2.39%, and the Kosdaq added 1.7%, lifted by a broad tech spike. AI memory leaders SK Hynix and Samsung Electronics advanced 5% and 4%, reflecting renewed demand expectations tied to AI infrastructure growth.
Australia’s ASX 200 trimmed early gains but remained slightly positive, while futures pointed to an upbeat open for Hong Kong’s Hang Seng Index, trading above 25,874.
The rally mirrors Wall Street’s dramatic turnaround. The Nasdaq Composite soared 2.69%—its best day since May—while the S&P 500 gained 1.55% and the Dow added over 200 points.
Asia’s reaction underscores a broader trend: as long as AI innovation accelerates and the Federal Reserve signals patience, global investors remain eager to rotate back into tech—even after weeks of volatility.
