Asia markets edge higher despite wall street tech selloff

September 24, 2025 (MLN): Asia markets mostly advanced in volatile Thursday trading, diverging from Wall Street where investors extended their pullback from major technology names such as Nvidia and Oracle.

Nvidia fell nearly 1% overnight, deepening losses from earlier this week as doubts grew over the sustainability of the artificial intelligence boom.

In Hong Kong, the Hang Seng Index gained 0.24%, lifted by the strong debut of Chery Automobile, which surged 11% to HK$34.16 after its $1.2 billion initial public offering.

Tech giant Xiaomi also added 1.85% following the launch of a new line of smartphones and household devices aimed at challenging South Korea’s Samsung. On the mainland, the CSI 300 rose 0.76%, according to CNBC.

South Korea’s Kospi hovered around the flatline, though the Kosdaq slipped 0.49%. Defense stocks remained in focus, with Korea Aerospace up 0.66% and Poongsan advancing 4%.

Internet company Naver jumped more than 7% after unveiling an investment in health-tech startup GravityLabs.

In Taiwan, the Taiex slid 0.33%, pressured by a 1.12% decline in Taiwan Semiconductor Manufacturing Co. Shares retreated after reports that Intel is courting Apple for a potential investment.

While Apple previously relied on Intel processors, analysts noted it is unlikely to move away from TSMC’s chips after switching to its M1 platform in 2020.

Japan’s Nikkei 225 edged up 0.2% and the broader Topix climbed 0.43%.

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