Asian stocks are set to rise as they follow the positive momentum from Wall Street, where the Nasdaq Composite achieved a record high, largely due to the performance of AI-linked companies. Specifically, Japan's Nikkei 225 is anticipated to open higher, with futures contracts indicating a rise to 70,220 and 70,180, compared to its last close of 69,946.86.
Similarly, Hong Kong's Hang Seng index futures are at 24,266, above the previous close of 24,040.34. Australia's S & P/ASX 200 also saw a 0.38% increase at the open. Notably, mainland China markets are closed for a holiday, which may affect regional trading dynamics