Europe Asia News

Hong Kong’s Hang Seng Index rose 0.14%, while mainland China’s CSI 300 Index gained 0.32%.

Japan’s Nikkei 225 index jumped 3.7% in early trading, while the Topix index increased 1.67%.

Nvidia’s stronger-than-expected earnings and optimistic forecasts boosted confidence in global AI-related trading, lifting other regional markets as chip stocks gained ground. Shares of the chip giant rose more than 4% in extended trading after its third-quarter earnings and revenue beat expectations.

Investors cheered Nvidia’s quarterly report, sending semiconductor-related stocks higher. Tech giant SoftBank surged as much as 8%, semiconductor equipment maker Tokyo Electron climbed nearly 7%, Lasertec gained 5.6%, and chipmaker Renesas Electronics rose 4.8%.

The yield on Japan’s 30-year government bonds rose about 3 basis points to a record 3.375%. The 20-year yield climbed more than 3 basis points to 2.853%, the highest since 1999. The 10-year yield rose 3.6 basis points to 1.799%, the highest level since 2008.

South Korea’s Kospi index gained 2.63%, while the small-cap Kosdaq index rose 1.75%. Investor optimism extended into South Korea, with memory chipmakers SK Hynix and Samsung Electronics gaining more than 6% and 3.3%, respectively. Australia’s ASX/S&P 200 index added 1%.

Taiwan’s Taiex index climbed 2.6%. Shares of Nvidia chip supplier TSMC rose more than 4%, while Hon Hai Precision Industry (Foxconn), another Nvidia supplier, gained 2.84%. India’s Nifty 50 index rose 0.18% at the open, and the Sensex rose 0.19%.

Shares of CATL — the world’s largest battery manufacturer — fell more than 8% after a six-month lock-up period expired for about 77.5 million early-investor shares. According to the company’s prospectus, its 23 cornerstone investors include Sinopec HK, the Kuwait Investment Authority, and UBS Asset Management.

The company stated that CATL’s IPO in May raised 35.7 billion Hong Kong dollars (4.6 billion USD), making it the largest global IPO of the year, supported by investor confidence in the company’s ability to benefit from the electric-vehicle boom.

In U.S. markets, the S&P 500 rose 0.38% to 6,642.16, ending a four-day losing streak. The Nasdaq Composite gained 0.59% to 22,564.23, while the Dow Jones Industrial Average rose 47 points, or 0.1%, to 46,138.77.