Nikkei 225, Hang Seng Index, CSI 300

Asia-Pacific markets opened higher Thursday, after Wall Street gained as Fed rate-cut hopes grew and tech stocks rebounded.

Japan’s benchmark Nikkei 225 index rose 1.42%, led by tech stocks, while the Topix index added 0.64%. Among the top movers were Advantest, which jumped as much as 5%, tech conglomerate SoftBank, which soared more than 5%, and Tokyo Electron, which was up 2.09%.

South Korea’s Kospi advanced 1.05%, while the small-cap Kosdaq climbed 0.39%. The Bank of Korea kept its benchmark interest rate unchanged at 2.5% — in line with expectations — for a fourth consecutive policy meeting, amid a weakened local currency and overheated housing market. The Korean won has weakened against the greenback in recent months to its lowest level since April.

Australia’s ASX/S&P 200 rose 0.42%.

Futures for Hong Kong’s Hang Seng Index pointed to a flat open, trading at 25,924, against the index’s previous close of 25,928.08.

Investors will be watching for China’s industrial profits for the first 10 months of the year, due later.

Overnight, the key indexes in the U.S. logged four straight days of gains on rising hopes for a Federal Reserve interest rate cut in December. Investors see an 85% chance of a quarter-percentage-point rate cut in December, up from 30% last week, according to the CME FedWatch tool.

Shares of artificial intelligence player Oracle jumped more than 4% on Wednesday, boosting major averages after Deutsche Bank reaffirmed its bullish stance on the name.

On Wednesday stateside, the Dow Jones Industrial Average gained 314.67 points, or 0.67%, to finish at 47,427.12. The S&P 500 climbed 0.69% to settle at 6,812.61, while the Nasdaq Composite increased 0.82% to close at 23,214.69.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.