Asian markets opened higher on Thursday after Wall Street bounced back from its worst day since October overnight after US President Donald Trump said he had reached a framework for a deal about Greenland.

In Hong Kong, the benchmark Hang Seng Index opened 165 points, or 0.6 percent, higher at 26,750. The China enterprises index was 50 points, or 0.5 percent, up at 9,173 while the tech index was 48 points, or 0.8 percent, up at 5,795.

Mainland stocks too opened higher, with the benchmark Shanghai Composite Index up 0.22 percent at 4,126 while the Shenzhen Component Index was 0.41 percent higher at 14,313. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was up 0.52 percent at 3,312.

The Star Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, was 1.03 percent higher at 1,881 while the Star 50 Index, which tracks the largest stocks listed on the board that also meet certain liquidity requirements, was 1.82 percent up at 1,563.

The Nikkei in Tokyo rebounded 1.68 percent to 53,667 near midday and was poised to snap its longest streak of daily losses in a year. The broader Topix was up 0.95 percent at 3,623.

The Japanese stock market has been ‍very volatile this month. It jumped last week on high ⁠expectations for Prime Minister Sanae Takaichi's loose spending policy.

It pulled back this ‍week on fiscal concerns after Takaichi pledged to suspend an 8 percent food levy for two years. She is set to dissolve parliament on Friday to trigger a snap election.

South Korea's stock benchmark topped 5,000 points for the first time, powered by gains in chip firms and automakers on artificial intelligence optimism, reaching a level promised by President Lee Jae-myung in just over six months since he took office.

The benchmark Kospi rose up to 2.2 percent to 5,019 in morning trade, marking its highest level on record.

The index has risen nearly 20 percent so far this month, after emerging as the world's best ‍performer in 2025 with a 76 percent jump – its biggest annual gain since 1999 – on a chip ⁠rally fuelled by surging demand for AI investments and capital market reforms. (Reuters/Xinhua)