Asian and Australian markets surged to record highs Wednesday, following a tech-driven rally on Wall Street amid easing concerns about AI-related disruption.

Japan’s Nikkei 225 jumped over 2% to 58,583.12, while South Korea’s Kospi topped 6,000 for the first time, closing at 6,083.86; Taiwan’s benchmark hit a five-day record high.

Australia’s S&P/ASX 200 rose 1.17%, and Hong Kong’s Hang Seng and China’s CSI 300 also advanced.

U.S. equities gained overnight, led by an 8.8% jump in AMD after Meta announced a multiyear AI data center deal, while the S&P 500, Nasdaq, and Dow all rose around 0.7–1%, CNBC has reported.

Oil prices climbed modestly, with WTI at $66.10 and Brent at $71.29 per barrel, as investors weighed global economic conditions, geopolitical tensions, and U.S.-Iran negotiations highlighted in Trump’s State of the Union.