Stocks Soar After Nvidia Beats Estimates, Jobs Data in Spot
A wave of relief took over Asian markets and boosted shares at the start of trading this Thursday (20), with , which exceeded market expectations, while the dollar appreciated in anticipation of the release of employment data, which was delayed.
MSCI’s index of Asia-Pacific shares excluding Japan rose 0.6%, recovering from a one-month low, after Nvidia forecast quarterly revenue well above Wall Street estimates on Wednesday.
The technology company’s CEO, Jensen Huang, highlighted the exceptional demand for its artificial intelligence chips from giant cloud providers and .
Japan’s Nikkei index opened at 49,129.29 points, up 1.22% in the morning.
In South Korea, the benchmark Korea Composite Stock Price Index opened up 101.46 points, or 2.58%, at 4,030.97.
Shares of Taiwanese chipmaker TSMC opened at NT$1,450 (US$46.43) and reached a peak price of NT$1,460 (US$46.75).
