Asian stocks rose, led by Japan, as AI-related shares and SoftBank Group rebounded. Chipmakers Advantest and Tokyo Electron gained 4% and 3%, supported by easing U.S.–Japan/China tensions.

China’s CSI 300 dipped on Vanke’s debt delay, while European markets were mostly flat. Puma surged on potential Anta Sports bid.

U.S. markets were closed for Thanksgiving, with futures steady and expectations of a Fed rate cut boosting sentiment.