Asian markets mostly rose Wednesday, supported by strong demand for artificial intelligence chips, despite losses on Wall Street following higher-than-expected US inflation figures for October.
US stock futures edged higher, while oil prices also advanced in early trading.
Taiwan led gains across the region, with its benchmark Taiex climbing 3.6 percent.
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC), a major supplier of AI chips, gained 3.1 percent after the company reported that its October revenue was nearly six times higher than a year earlier, signalling continued strong demand for AI-related products.
TSMC's board also approved investments of up to $1 billion in Anthropic and OpenAI, according to a company statement issued Tuesday.
Japan's benchmark Nikkei 225 rose 1.3 percent to 61,248.59. Shares of SoftBank Group recovered from earlier losses to finish 0.4 percent lower after the investment giant reported a quarterly net loss of 1.1 trillion yen ($7 billion) following the close of markets Tuesday.
South Korea's Kospi advanced 2.4 percent to 5,365.75, with Samsung Electronics gaining 3.4 percent and SK Hynix surging 5.4 percent.
Hong Kong's Hang Seng Index, however, declined 0.7 percent to 24,387.06, while the Shanghai Composite Index recovered 0.6 percent to 3,685.27, reversing its earlier losses.
China's biggest annual online shopping event, Singles' Day, began Wednesday, with its sales figures expected to provide an indication of consumer spending in the world's second-largest economy.
Australia's S&P/ASX 200 edged up 0.3 percent to 9,153.20, while India's Sensex surged 1.6 percent to reach its highest level in six months.
On Wall Street, stocks retreated Tuesday after an unexpected rise in US inflation raised concerns that the Federal Reserve could increase interest rates at its December meeting.
The S&P 500 fell 0.4 percent, surrendering part of its strong gains from the previous session. The Dow Jones Industrial Average dropped 0.3 percent, while the Nasdaq Composite declined 0.7 percent.
Rising bond yields added pressure on equities after the inflation report showed that grocery bills, electricity and other living expenses increased more than economists had anticipated in October.
The figures heightened concerns that the Federal Reserve might raise its benchmark interest rate next month to contain persistent inflation.
Higher interest rates can help control inflation but also increase borrowing costs, slow economic activity and make stocks and other investments less attractive to investors.
One Federal Reserve official suggested that the central bank could consider raising its federal funds rate by twice the usual increment in December, citing persistently high inflation.
The yield on the 10-year US Treasury bond climbed to 4.99 percent from 4.88 percent late Monday. The yield is an important benchmark for determining mortgage rates and other borrowing costs for American households and businesses.
The increase came despite another decline in oil prices on Tuesday. Brent crude, the international benchmark, fell 1.2 percent to $91.49 a barrel.
US President Donald Trump said late Monday that the war in Iran, which had driven oil prices sharply higher, was "militarily is effectively over."
Nvidia was the biggest drag on the S&P 500, with its shares tumbling 5.5 percent. The chipmaker has faced pressure following reports that its board launched an investigation into Chief Executive Jensen Huang over an alleged affair with a person described as a Chinese spy. Trump said the FBI was investigating the matter, while Huang has acknowledged the relationship and apologised.
Recent volatility in AI-related stocks has also raised questions about whether Anthropic, the company behind the Claude chatbot, might postpone its initial public offering.
However, Anthropic disclosed in a filing with US regulators on Tuesday that it was seeking a valuation of approximately $1.3 trillion. Such a valuation would place it among Wall Street's most valuable companies, exceeding the market value of Walmart, JPMorgan Chase, ExxonMobil and Coca-Cola.
In other trading Wednesday, Brent crude rose 1 percent to $92.43 a barrel, while US benchmark crude gained 0.7 percent to $86.64.
The US dollar strengthened to 158.85 Japanese yen from 158.70 yen, while the euro slipped to $1.1153 from $1.1171.