Asian equities and US stock futures soared on Thursday after Nvidia Corp. announced a better-than-expected revenue forecast. Japanese shares experienced a significant rally, fueled by a weakened yen, as the Nikkei 225 Index briefly surpassed its 1989 closing record high. Meanwhile, South Korea stocks saw gains, and Chinese benchmarks fluctuated, ultimately contributing to a surge in a regional equity gauge to its highest level in nearly two years.
The announcement of Nvidia Corp.’s robust revenue forecast bolstered investor confidence, leading to a surge in Asian equities and US stock futures. Japanese shares particularly benefited from the news, with the Nikkei 225 Index briefly reaching levels not seen since 1989. The depreciated yen further supported the rally in Japanese equities, while South Korea stocks also experienced gains. Despite some fluctuations in Chinese benchmarks, the collective impact of these movements propelled the region’s equities gauge to its highest point in almost two years, indicating a fresh wave of momentum in the market. This surge reflects optimism over the economic outlook and the potential for further growth in the Asian equities market.