Asian stocks tracked Wall Street higher as renewed enthusiasm for the artificial-intelligence trade drove the S&P 500 to a ninth day of gains. The yen traded close to the 160-per-dollar level.
Stocks rose in Japan and Australia, with South Korean markets shut for a holiday. The MSCI Asia Pacific Index climbed 0.2%. On Tuesday, the S&P 500 Index closed at an all-time high after notching its longest winning streak since May as a gauge of chipmakers surged nearly 6%.
