Asian stocks climb as Nvidia outlook lifts AI sentiment; Kospi jumps 2.22%
AI Market Summary
Nvidia's upbeat long-term sales outlook revived confidence in the AI capex cycle, lifting Asian equities and U.S. index futures and supporting AI-linked names. However, sticky U.S. PCE inflation pushed markets to price in a Fed hike by December, strengthening the dollar and keeping rates-sensitive assets cautious. Oil extended losses amid mixed geopolitical and diplomatic signals, adding a modest disinflationary impulse.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+6.84%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Asian stocks rose on Thursday after Nvidia’s strong sales forecast buoyed confidence in the AI rally. South Korea’s Kospi led regional gains, jumping 2.22%, while the MSCI Asia Pacific index added 0.6%. Japan’s Nikkei 225 rose 0.41% and the Topix gained 0.32%. U.S. equity futures also advanced, with Nasdaq 100 futures up 1.2% and S&P 500 futures higher by 0.6%.
