Asia-Pacific markets were set for gains on Tuesday, following a tech rally on Wall Street that saw the S&P 500 and Nasdaq Composite post back-to-back gains.
Global semiconductor stocks, including heavyweight Nvidia, rose after contract electronics giant Foxconn reported record-breaking fourth-quarter earnings.
Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company rose to a record high in the session, and may have more room to rise as overnight tech optimism spills over.
Japan's Nikkei 225 was set for a rebound after leading losses in Asia, with futures in Chicago at 39,870 and its Osaka counterpart last trading at 39,670 against the index's previous close of 39,307.05.
Australia's S&P/ASX 200 started the day up 0.31%, on pace for a fourth day of gains. In contrast, Hong Kong's Hang Seng Index last traded at 19,664, indicating a weaker open compared to the HSI's close of 19,688.29. (AL)
Source: CNBC
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