Asia Stock Markets Today (Dec. 12, 2025): Japan’s Topix Hits Record as Fed Cut Lifts Sentiment, Oracle Rekindles AI Valuation Jitters
Japan’s Topix index hit a record high Friday as Asian stock markets climbed, tracking Wall Street gains after the U.S. Federal Reserve cut rates for a third time this year. Hong Kong’s Hang Seng rose 1.8%, and Shanghai copper futures set a record on demand hopes. Tech shares remained volatile after Oracle’s 13% drop revived concerns about AI investment returns.