Panoramic view of Busan city, South Korea taken on sunrise.
Alex Veprik | Moment | Getty Images
Asia-Pacific markets were mostly higher Wednesday, after Wall Street saw a tech-fueled recovery and a cryptocurrency rally.
Bitcoin climbed over 7% to cross the $90,000 mark in overnight trading after a sharp sell-off a day earlier, and was last trading at 91,462.
Japan’s Nikkei 225 climbed 0.76%, while the broad-based Topix was down 0.31%.
South Korea’s Kospi was up 1.06%, while the small-cap Kosdaq rose 0.29%.
The country’s revised third-quarter GDP numbers indicated that country’s economy grew at 1.8% year on year, compared to 1.7% in the initial estimate, data from the central bank showed Wednesday.
South Korean President Lee Jae Myung also addressed the country on the first anniversary of former President Yoon Suk Yeol’s failed attempt to declare martial law.
Australia’s S&P/ASX 200 gained 0.32% as the country’s third-quarter GDP data missed estimates.
The country’s GDP expanded 2.1% year on year, marking its strongest expansion since the third quarter of 2023, but fell short of the 2.2% expected by economists polled by Reuters.
Hong Kong markets opened 0.41% lower, while the mainland CSI 300 added 0.22%.
U.S. stock futures were little changed during early Asia hours after major U.S. indexes recovered some losses from the previous session.
Overnight in the U.S., the Dow Jones Industrial Average gained 0.39%, while the S&P 500 climbed 0.25% and the Nasdaq Composite advanced 0.59%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
