Hong Kong

Worldshares were mostly higher Wednesday after a retreat on Wall Street as US inflation rose higher than expected in October, while US futures edged higher and oil prices rose.

In early European trading, Germany’s DAX rose 1 per cent to 26,621.01 after inflation fell to 2.8 per cent in October from a year earlier, according to the federal statistics office on Wednesday. The CAC 40 in Paris picked up 0.6 per cent to 8,331.94. Britain’s FTSE 100 added 0.7 per cent to 10,825.97.

The future for the S&P 500 rose 0.6 per cent and that for the Dow Jones Industrial Average gained 0.2 per cent. In Asia, Taiwan led the regional markets as its benchmark Taiex rose 3.6 per cent. Taiwan Semiconductor Manufacturing Co., or TSMC, climbed 3.1 per cent after the AI chipmaker reported its October revenue was nearly sixfold higher than a year earlier, showing that demand for AI chips remains solid.

TSMC’s board also approved up to $1 billion in investment in Anthropic and OpenAI, according to a company statement Tuesday. Japan’s benchmark Nikkei 225 advanced 1.3 per cent to 61,248.59. SoftBank Group’s shares pared losses to close 0.4 per cent lower as the investment giant reported a quarterly net loss of 1.1 trillion yen (USD 7 billion) on Tuesday after markets closed.

South Korea’s Kospi was up 2.4 per cent to 5,365.75. Chipmaker Samsung Electronics gained 3.4 per cent and SK Hynix jumped 5.4 per cent.