Asian markets surge as Nvidia earnings reignite AI rally
Asian shares jumped sharply after Nvidia smashed expectations with its latest quarterly results, easing fears that the relentless AI-driven stock rally may have run too far, too fast.
Japan led the charge. The Nikkei 225 surged as much as 4.2pc during the session before closing up 2.7pc at 49,823.94, fuelled by strong gains in technology stocks.
South Korea’s Kospi climbed 3pc to 4,047.57, buoyed by Nvidia’s blockbuster performance, which showed quarterly revenues of $57bn (£43.6bn) — well above Wall Street forecasts.
Samsung jumped 6.1pc, while memory chip giant SK Hynix rose 3.5pc.
Gains were more subdued in China. Hong Kong’s Hang Seng edged 0.1pc higher to 25,867.87, and the Shanghai Composite added 0.4pc to 3,961.71. Taiwan still joined the rally, with the Taiex up 3.2pc.
Australia’s S&P/ASX 200 rose 1.2pc to 8,546.10, also lifted by strength in tech shares.
The rebound follows another volatile session on Wall Street on Wednesday as investors waited nervously for Nvidia’s results. The S&P 500 snapped a four-day losing streak, rising 0.38pc to 6,642.16, while the Nasdaq Composite gained 0.56pc to 24,640.52, driven by renewed confidence in tech. The Dow Jones Industrial Average nudged 0.1pc higher to 46,138.77.
