Sydney Opera House, Sydney, New South Wales, Australia.
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Japan’s Nikkei 225 Index It rose 1.01%, approaching the 39,000-point mark for the first time in two weeks, while the KOSPI rose 0.65%.
In Australia, S&P/ASX 200 Index It edged up 0.83%, ahead of April trade data.
Hong Kong’s Hang Seng Index opened 1.16% higher, while mainland China’s CSI 300 index was just below its flat line.
South Korean markets were closed for a public holiday.
Overnight in the United States, Nvidia Leading major technology stocks higher, slightly softer labor market data gave investors hopes that the Federal Reserve might cut interest rates later this year.
The S&P 500 Index rose 1.18% to close at 5,354.03 points, setting a new record; the Nasdaq Index rose 1.96% to close at 17,187.90 points, also setting a new record. NVIDIA’s stock price jumped to the second most valuable company in the world.
The Dow Jones Industrial Average fell slightly, rising just 0.25%, as stocks outside of technology underperformed.
—CNBC’s Brian Evans and Alex Harring contributed to this report.
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