Asian equities and US stock futures gained momentum following Nvidia Corp.’s strong sales forecast, propelling a rally in risk assets. Japanese stocks surged as the Nikkei 225 Index surpassed a record intraday peak set in 1989, driven by technology shares and chip-gear producers. Additionally, South Korean equities and Chinese benchmarks also saw gains, pushing a gauge of Asian shares to its highest level in nearly two years.
The surge in Asian equities and US stock futures can be attributed to Nvidia Corp.’s robust sales forecast, which provided fresh momentum for the rally in risk assets. This positive development led to Japanese stocks rallying, with the Nikkei 225 Index reaching a record intraday peak not seen since 1989. Notably, gains in technology shares and chip-gear producers were the driving force behind this surge. Furthermore, South Korean equities and Chinese benchmarks also experienced gains, resulting in a significant boost for a gauge of Asian shares to its highest level in almost two years.
