Investing.com - APAC shares opened with a positive tone, reflecting the robust session on Wall Street led by technology stocks following the news of the ex-OpenAI chief joining Microsoft (NASDAQ:MSFT).
By 11:15 am AEDT (12:15 am GMT) The S&P/ASX 200 and KOSPI 200 added 0.2% and 0.7%, respectively, while the Nikkei 225 saw a 0.1% decrease.
Overnight, U.S. stocks experienced gains, with information technology and communication services sectors leading the charge as investors assessed the repercussions of OpenAI's CEO dismissal. The DJIA rose 203 points to 35151, the S&P 500 increased by 0.7% to 4547, and the Nasdaq climbed 1.1% to 14284. Chip manufacturer Nvidia saw a 2.3% rise ahead of its Tuesday earnings report.
Bayer (ETR:BAYGN) shares took a 17% hit following the halt of a trial for an experimental cardiovascular drug, causing Bristol Myers Squibb, which is developing a similar drug, to drop 3.8%.
In commodities, Brent crude oil rose by 1.8% to US$82.08 per barrel, while gold saw a slight dip of 0.2% to US$1,977.75.
On the bond markets, the yield on Australian 2 Year government bonds was higher at 4.18%, and the 10 Year yield rose to 4.50%. U.S. Treasury notes remained mostly flat, with the 2 Year yield at 4.92% and the 10 Year yield at 4.42%.
In China, the Shenzhen CSI 300 closed higher as investor sentiment was boosted by the government's call to accelerate infrastructure projects and support property developers. Consumer services and pharmacy stocks led the session's gains. In contrast, finance stocks were lower.
Hong Kong, the Hang Seng index closed higher, led by tech and consumer stocks amid overall positive sentiment. Almost all sectors gained, with the technology and consumer sectors leading the way.
Japan's Nikkei Stock Average fell 0.6% to close at 33388.03, likely driven by profit-taking after hitting a 33-year high. The strength of the JPY, which harms the overseas earnings of Japanese exporters when repatriated to Japan, also likely weighed on local equity markets.
In India, shares fell, dragged down by finance and consumer stocks, amid mixed trading in the region. The finance sector led declines, as Bajaj Finance and Bajaj Finserv fell 2.1% and 1.05%, respectively.
European stocks traded mixed, with oil shares gaining as crude oil prices rose amid speculation about production cuts. The Stoxx Europe 600 advanced 0.1% and the CAC 40 climbed 0.2%, while the FTSE 100 and DAX retreated 0.1% each.
London's blue-chip index closed 0.11% lower at 7,496.36 points ahead of the U.K. Chancellor's Autumn Statement later in the week, in which the government will outline its fiscal measures for the next year.