Asian stocks opened higher, buoyed by Wall Street optimism that artificial intelligence will keep fueling profits at major technology firms and growing bets of a Federal Reserve interest-rate cut.
Shares in Japan and South Korea rose, while Hong Kong is closed for a public holiday on Wednesday. The S&P 500 closed slightly up, while a gauge of the Magnificent Seven megacaps climbed 1.3%. A gauge of the dollar edged lower for a third day. Oil held a three-day drop amid mounting signs of oversupply, while gold inched up after three days of losses.