KOSPI climbed 2%, Hong Kong’s Hang Seng soared 2.4%, while the blue-chip Shanghai Shenzhen CSI 300 and the Shanghai Composite index rose 0.5% each

Most Asian stock markets rose on Wednesday amid strong gains in technology and AI-related shares.

Asian stock markets gained, with semiconductors and data‑centre related names outperforming as investors positioned for positive earnings and AI–driven growth.

KOSPI climbed as much as 2%, with Samsung gaining 1.5% and SK Hynix soaring 5%.

Hong Kong’s Hang Seng soared 2.4%, with Hang Seng TECH sub-index jumping 1.5%.

In mainland China, the blue-chip Shanghai Shenzhen CSI 300 and the Shanghai Composite index rose 0.5% each.

Futures tied to Nifty 50 index edged 0.3% higher.

Bucking the trend, FTSE Straits Times Index dropped 0.5%, while S&P/ASX 200 edged 0.2% lower.

In Tokyo, the Nikkei 225 shed 0.6%, while TOPIX dropped 1%, pressured by a strong yen trading near its highest levels in about three months on speculation of possible foreign‑exchange intervention.

In other markets, U.S. stock index futures also traded higher as of 03:20 GMT, with tech-heavy Nasdaq climbing 0.6%.

Wednesday’s U.S. earnings calendar features Microsoft Corporation, Meta Platforms Inc, and Tesla Inc reporting results later in the day, with Apple Inc due on Thursday.

Markets are watching results for signs of sustained AI‑related revenue strength and capital expenditure trends.

Market focus was also firmly on the U.S. central bank, which is widely expected to keep interest rates unchanged later on Wednesday.

Traders are watching the policy statement and central bank Chair Jerome Powell’s remarks for clues on the timing of potential rate cuts later this year, with any shift in guidance likely to influence risk appetite and currency markets across Asia.