Asia stocks edge higher on tech momentum

September 09, 2025 (MLN): Asia-Pacific markets traded mostly higher Tuesday, tracking Wall Street gains boosted by tech stocks. South Korea’s Kospi added 0.35%, while the small-cap Kosdaq rose 0.19%.

Australia’s benchmark S&P/ASX 200 slid 0.29%.

Hong Kong’s Hang Seng index rose 1.48%, hitting its highest level since late 2021, while mainland CSI 300 slipped 0.41%.

Indonesia’s Jakarta Composite Index lost 1.25% after President Prabowo Subianto unexpectedly dismissed Sri Mulyani Indrawati as finance minister late Monday, replacing her with Purbaya Yudhi Sadewa.

The Indonesian rupiah weakened 1.17% to 16,490 against the dollar.

Japan’s benchmark Nikkei 225 jumped 0.9% to a record high, notching a second straight day of gains after Prime Minister Shigeru Ishiba announced his resignation Sunday.

The Topix rose 0.52%. The technology sector led gains, with shares of Advantest surging 7.62%, Tokyo Electron rising 3.64%, and Renesas Electronics adding 2.59%.

Analysts noted investor bets that the next Liberal Democratic Party leader could introduce new fiscal stimulus, bolstering long-term growth prospects.

Julius Baer forecast the Nikkei 225 to reach 46,000 within 12 months.

The Japanese yen strengthened 0.1% to 147.38 against the greenback.

Overnight in the U.S., the three major indexes closed higher, as CNBC reported.

The Nasdaq Composite gained 0.45% to a record 21,798.70, hitting a fresh intraday high as well.

The S&P 500 rose 0.21% to 6,495.15, while the Dow Jones Industrial Average advanced 114.09 points, or 0.25%, to 45,514.95.

The rally was driven by chipmakers, with Broadcom up 3% and Nvidia gaining nearly 1%, alongside gains in Amazon and Microsoft.

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