ع
Reuters reported that MSCI’s broadest index of Asia-Pacific shares excluding Japan climbed 0.7 percent at the start of trading as investors responded to Nvidia’s results that showed quarterly revenue more than doubling from a year earlier. The development lifted tech hardware manufacturers across the region and helped revive confidence after the US personal consumption expenditures index rose 0.2 percent in July from the prior month. South Korea’s KOSPI advanced 1.5 percent even after the Bank of Korea lifted its key interest rate by 25 basis points to 3 percent in line with narrow market expectations while shares in Taiwan gained 0.9 percent and Japan’s Nikkei 225 declined 0.4 percent.
Nvidia shares jumped 4.7 percent in after-hours trading on Wall Street according to trading platform data which also pushed S&P 500 e-mini futures higher by 0.4 percent. The company reported revenue of $96.22 billion for its second quarter representing a 106 percent increase year on year and adjusted earnings per share of $2.22 both beating analyst projections. Chief financial officer Colette Kress forecast revenue growth of approximately 70 percent for fiscal 2028 during the earnings call surpassing the roughly 45 percent increase that Bloomberg analyst compilations had projected.
Chris Weston head of research at Pepperstone Group in Melbourne said “The business is in absolutely rude health. It’s going to wake people up and think ‘what have I missed?’ It’s a really bullish story and anyone supplying Nvidia through the supply chain will likely see the benefit today.” The comments underscored how Nvidia’s performance as a bellwether for artificial intelligence spending has influenced supplier stocks including those of SK Hynix Samsung Electronics TSMC and Kioxia which posted gains of between 0.2 and 4.7 percent in regional trading. Industry reports from multiple agencies have highlighted how AI infrastructure investments have driven semiconductor demand over the past two years with Nvidia often setting the tone for sector momentum.
On Wall Street the S&P 500 closed the previous session flat as the Federal Reserve’s preferred inflation gauge remained at elevated levels according to official figures. The yield on the 10-year US Treasury bond fell 1 basis point to 4.652 percent while attention now shifts to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for further policy signals. Brent crude futures declined 0.8 percent to $87.11 a barrel placing the commodity on track for a fourth straight day of losses amid diplomatic developments in the Middle East and ongoing Russia-Ukraine tensions.
Gold prices rose 0.3 percent to $4,604.27 an ounce as investors sought safe havens while cryptocurrency markets followed with bitcoin advancing 0.5 percent to $78,824.80 and ether climbing 0.9 percent to $2,493.41. These increases reflected renewed dollar debasement trades following recent US Treasury interventions according to market observers. The US dollar index remained steady at 99.16 against a basket of major currencies.
The latest Nvidia results arrive as Asian chip manufacturers continue to benefit from global data center expansion that has accelerated since 2024 with several firms reporting order backlogs extending into 2027. Central Statistical Bureau equivalents across the region have noted rising technology exports tied to AI components though broader economic data shows varying growth rates among export-dependent economies. Investors will monitor whether the positive sentiment sustains through the remainder of the week as additional corporate earnings and policy updates emerge.
