Asia markets mixed as AI rally boosts tech stocks

November 11, 2025 (MLN):  Asia  markets traded mixed on Tuesday, following a strong rally on Wall Street driven by renewed optimism around artificial intelligence and rising expectations that the U.S. government shutdown will be resolved soon.

In the U.S. overnight, tech stocks led the charge, with Nvidia surging 5.8%, lifting the S&P 500. Alphabet, Google’s parent company, climbed 4%, while Microsoft rose 1.9%, snapping an eight-day losing streak.

In Japan, the Nikkei 225 gained 0.91% and the Topix added 0.52%, supported by AI-related shares. SoftBank jumped 3.57% and chipmaker Renesas Electronics advanced 4.35%.

Orix shares edged 0.49% higher after the financial conglomerate announced a partnership with Qatar’s sovereign wealth fund, Qatar Investment Authority, to launch a $2.5 bn private equity fund.

The fund will invest in Japanese companies valued at over 30 bn yen ($200 million), focusing on business succession, privatizations, and carve-outs. Orix and QIA will contribute 60% and 40%, respectively.

Sony Group surged over 6% after reporting better-than-expected second-quarter results and unveiling a $648 million share buyback.

The tech giant’s operating profit climbed 10% year-on-year, while revenue rose 5%, supported by strong performance in its Imaging & Sensing Solutions and Music divisions.

In South Korea, the Kospi jumped 1.94%, extending gains for a second session amid an AI-led rebound. Heavyweights Samsung Electronics and SK Hynix advanced 4.97% and 4.62%, respectively. The Kosdaq rose 1.38%.

Elsewhere, Australia’s S&P/ASX 200 inched up 0.25%, while Hong Kong’s Hang Seng Index dipped 0.2% and mainland China’s CSI 300 slipped 0.67%.

Shares of Chinese electric vehicle maker Xpeng jumped as much as 15%, reaching their highest level since late 2022. The surge followed the company’s recent unveiling of robotaxis and humanoid robots powered by its in-house AI chips, extending Monday’s 16% rally.

In India, the Nifty 50 rose 0.17%, while the Sensex traded flat in early deals.

Meanwhile, U.S. equity futures were little changed during Asian trading hours. On Monday, the Dow Jones Industrial Average added 381.53 points (0.81%) to close at 47,368.63. The S&P 500 climbed 1.54% to 6,832.43, and the Nasdaq Composite jumped 2.27% to 23,527.17.

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