By TERESA CEROJANO
Publication Date: 2025-11-20 04:41:00
MANILA, Philippines (AP) — Most Asian shares surged on Thursday after Nvidia reported stronger than expected quarterly earnings, soothing worries that AI-driven stock prices may have shot too high.
U.S. futures and oil prices were higher.
Japan’s Nikkei 225 index initially surged as much as 4.2% before giving up some early gains. By early afternoon, it was up 2.6% at 49,801.81 as technology stocks rallied, with investor sentiment boosted by Nvidia’s report of $57 billion in quarterly revenue after trading closed in the U.S., significantly above expectations.
South Korea’s Kospi added 3% to 4,047.57, with gains led by technology and energy stocks. Investors were encouraged by Nvidia’s earnings and reports that the U.S. may delay planned semiconductor tariffs.
Samsung Electronics gained 6.1%, while SK Hynix added 3.5%.
Chinese markets saw more modest gains. Hong Kong’s Hang Seng Index edged 0.1% higher to 25,867.87, while the Shanghai Composite index added 0.4% to 3,961.71. Taiwan’s Taiex rose 3.2%.
Australia’s S&P/ASX 200 gained 1.2% to 8,546.10, also led by gains for technology stocks.
On Wednesday, the U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street.
The S&P 500 rose 0.4% after veering between a small loss and a leap of 1.1% earlier in the day. That broke a four-day losing streak, the longest in nearly three months for the index, which has been shaking because of…
