An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak.
Nurphoto | Nurphoto | Getty Images
Asia-Pacific markets were mostly higher Wednesday, with the exception of Japan, tracking Wall Street gains as investors assessed corporate earnings from U.S. and Asian firms.
Palantir Technologies surged nearly 31% after the company posted a revenue beat in the fourth quarter, while Spotify Technology gained nearly 4% after topping expectations and increasing Premium subscribers.
DBS Group, Southeast Asia’s largest bank, reported a 2% year-over-year increase in fourth quarter net profit to $2.39 billion, while maintaining its full-year forecast for 2024.
South Korea’s Kospi jumped 1.8%, leading gains in Asia, while the Kosdaq gained 1.26%.
In Australia, the S&P/ASX 200 rose 0.68%, a day after the country’s central bank held rates at 4.35%.
Hong Kong’s Hang Seng index extended gains after surging over 4% on Tuesday, gaining 0.9% on its open, while the mainland Chinese CSI 300 was close to the flatline.
Japan’s Nikkei 225 was the only benchmark in the negative territory, down about 0.16%. The broader Topix inched 0.42% higher.
Overnight in the U.S., all three major indexes gained ground after a fresh batch of quarterly earnings, with the S&P 500 up 0.23%.
The Nasdaq Composite inched up 0.07%, while the Dow Jones Industrial Average jumped 0.37%.
— CNBC’s Samantha Subin and Hakyung Kim contributed to this report