Asian markets climb on AI optimism, lower oil prices

Asian equities advanced on Wednesday, October 28, after gains on Wall Street, renewed interest in artificial-intelligence shares and softer oil prices. Japan’s Nikkei 225 rose 0.74%, South Korea’s Kospi gained 2.06% at the open, and Australia’s S&P/ASX 200 added 0.84%, Mettis Global reported.

Technology stocks led the US market higher on Tuesday. Broadcom climbed 4% after it disclosed $63 billion in bank financing for customers acquiring its chips and networking products for lease to Anthropic; AMD rose 5.5% and Micron gained 2.8%, lifting the Nasdaq Composite 1.2%. Investors are also watching Wednesday’s Federal Reserve decision, with markets assigning a 92% probability to rates staying within the 3.75% to 4% range, as well as results from Alphabet and Microsoft.