Asia markets mostly rise after Wall Street sees tech rally

Asia markets mostly rise after Wall Street sees tech rally

A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020.

Kazuhiro Nogi | AFP | Getty Images

Asia-Pacific markets are mixedafter Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default.

In Japan, the Nikkei 225 rose 0.92%, surpassing the 31,000 mark and leading gains in the region, while the Topix also saw a gain of 0.15%.

Tokyo’s core-core inflation, which excludes fresh food and fuel costs, rose by 3.9%, its fastest pace since 1982. The headline inflation for Japan’s capital, which is seen as a gauge for the nationwide reading, rose at a slower pace of 3.2% in May from April’s figure of 3.5%.

South Korea’s Kospi rose 0.17%, while the Kosdaq was up marginally. In Australia, the S&P/ASX 200 was marginally higher after reversing earlier losses.

Mainland Chinese markets bucked the trend and fell, with the Shanghai Composite 0.32% lower and the Shenzhen Component down 0.51%.

Hong Kong’s Hang Seng index is closed for a holiday, after hitting its lowest level this year on Thursday.

Overnight in the U.S., the three major indexes ended mixed. While the tech-heavy Nasdaq Composite surged 1.71% and the S&P 500 gained 0.88%, the Dow Jones Industrial Average dipped slighlty and lost 0.11%.

— CNBC’s Sarah Min, Samantha Subin and Brian Evans contributed to this report