Asia markets mostly rise after Wall Street trades mixed!

SoftBank Group shares dropped as much as 10% on Wednesday before closing 3.46% lower at ¥21,910, after the company disclosed it had sold its entire $5.83 billion stake in U.S. chipmaker Nvidia. The Japanese conglomerate said in its earnings report that it offloaded 32.1 million Nvidia shares in October and trimmed its T-Mobile holdings, generating a total of $9.17 billion, as it shifts focus toward its major investment in OpenAI.

Across Asia-Pacific, markets mostly traded higher. Japan’s Nikkei 225 rose 0.43% to 51,063.31, while the Topix advanced 1.14%. South Korea’s Kospi gained 1.07%, and the Kosdaq surged 2.52%. Hong Kong’s Hang Seng Index climbed 0.81%, while China’s CSI 300 dipped 0.13%. Australia’s S&P/ASX 200 slipped 0.22%, Taiwan’s Taiex increased 0.58%, and India’s Nifty 50 rose 0.83%.

Shares of Billionbrains Garage Ventures, parent of Indian brokerage Groww, soared 20% on debut after raising ₹66.3 billion ($748 million) in its IPO. Meanwhile, Foxconn reported a 17% year-on-year profit jump on robust AI server demand. In the U.S., the Dow gained 1.18%, the S&P 500 added 0.21%, while the Nasdaq slipped 0.25% as investors rotated out of tech stocks.