Most Asian Markets Rise After Wall Street's AI-fuelled Rally

Expectations for rate cuts next year has weighed on the dollar against the pound and euro, though it remains elevated versus the yen. (Credit: AFP)

Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.

Shanghai was among the main winners, eating into year-to-date losses after China unveiled a fresh batch of measures aimed at boosting the country's stock markets as part of Beijing's moves to provide support to the stuttering economy.