s of SoftBank jumped as much as 13% Thursday, a day after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank's AI foot.The deal, which is subject to regulatory apval globally, means ABB will no longer look to spin off its robotics as a separately listed company."SoftBank's next frontier is Physical AI.
Together with ABB Robotics, we will unite world-class nology and talent under our d vision to fuse Artificial Super Intelligence and robotics — driving a ground evolution that will pel humanity forward," Masayoshi Son, founder of SoftBank, said in a statement.Artificial Super Intelligence, or ASI, is Son's idea of AI that is 10,000 times smarter than humans.Son has looked to position SoftBank at the center of the potential AI boom through investments and acquisitions in different areas of nology.
SoftBank owns chip designer Arm, for example, and has a major stake in OpenAI.A garbage ing robot is on display at ABB booth on the opening day of the 21st China International Industry Fair at the National Exhibition and Convention Centre in Shanghai, China.Vcg | Visual China Group | Getty ImagesSoftBank-owned British chip designer Graphcore is also planning to invest $1.3 billion in India, including a new re hub, Bloomberg reported early Thursday.The plans are expected to be announced during British Prime Minister Keir Starmer's visit to India this week.
He will be accompanied by a delegation, the report said, citing sources familiar with the matter.Japan's benchmark Nikkei 225 index added 1.11%, while the Topix index was up 0.36%.In Hong Kong, s of Hang Seng Bank skyrocketed nearly 30% after HSBC posed Thursday to take it private, valuing the bank at more than 290 billion Hong Kong dollars ($37 billion).HSBC has asked Hang Seng Bank's board to put forward a privatization posal to holders via a scheme of arrangement under Hong Kong's Companies Ordinance.s in Hang Seng Bank would be canceled in exchange for 155 Hong Kong dollars apiece.
HSBC owns around 63% of Hang Seng Bank, pegging the deal value at HK$106 billion.Meanwhile, Hong Kong-listed s of HSBC retreated more than 6%.The Hang Seng Index fell 0.93%, while the Hang Seng Index declined 0.98%.
Mainland China's CSI 300 rose 0.4% after coming back from a bumper holiday period.Australia's ASX/S&P 200 rose 0.44%.South Korean are closed for a holiday.U.S.
equity futures were little changed in early Asian hours after the S&P 500 and Nasdaq Composite scored new records Wednesday stateside as investors shrugged off the government shutdown in its second week.Overnight, the broad index S&P 500 climbed 0.58% to close at 6,753.72, notching its eighth winning day of the last nine.
Gains on the index were led by the information nology, utilities and industrials sectors, which notched fresh closing highs.The Nasdaq Composite rose 1.12% to finish at 23,043.38.
That's the first time the nology-heavy index has closed above the 23,000 mark.However, the Dow Jones Industrial Average fell 1.20 points to end the day at 46,601.78.— CNBC's Lee Ying Shan, Arjun Kharpal, Alex Harring, Sean Conlon and Sarah Min contributed to this report.