Australia’s\u00a0S&P\/ASX 200<\/a> added 0.27%. Australia’s central bank is expected to raise rates for a second straight time, pushing its key policy rate to 4.1%, the highest since April 2025, according to Reuters estimates.<\/p>\n Japan’s Nikkei 225<\/a> added 0.75%, while the Topix jumped more than 1%. South Korea’s Kospi<\/a> rose 2.94%, while the small-cap Kosdaq added 1.53%.<\/p>\n Memory makers SK Hynix and Samsung Electronics rose over 3% and 4%, respectively. This comes after Nvidia CEO Jensen Huang said he expects purchase orders between Blackwell and Vera Rubin chips to reach $1 trillion through 2027 at Nvidia’s<\/a>\u00a0annual developer conference on Monday.<\/p>\n Taiwan’s TSMC also rose 1%. Meanwhile, Japan’s Tokyo Electron added 0.26% while Advantest declined 1.7%.<\/p>\n Hong Kong Hang Seng index<\/a> futures were set at 25,894, compared with the index’s last close of 25,834.02.<\/p>\n Stock Chart IconStock chart icon Stock futures were flat after the major averages bounced overnight in light of cooling oil prices.<\/p>\n Futures tied to the\u00a0Dow Jones Industrial Average<\/a>\u00a0lost 46 points, or 0.1%.\u00a0S&P 500 futures<\/a>\u00a0slipped 0.1%, while\u00a0Nasdaq 100 futures<\/a>\u00a0declined nearly 0.2%.<\/p>\n Overnight in the U.S., stocks rose while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.<\/p>\n The\u00a0Dow Jones Industrial Average<\/a>\u00a0added 387.94 points, or 0.83%, closing at 46,946.41. The\u00a0S&P 500<\/a>\u00a0rose 1.01% to end at 6,699.38, and the\u00a0Nasdaq Composite<\/a>\u00a0gained 1.22% and settled at 22,374.18.<\/p>\n Meta<\/a>\u00a0shares gained more than 2% on a report \u2014 which the company has called “speculative” \u2014 that it is\u00a0planning to lay off more than 20%<\/a>\u00a0of its workforce. Additionally,\u00a0Nvidia<\/a>\u00a0shares rose more than 1% as its\u00a0GTC conference<\/a>\u00a0kicked off Monday.<\/p>\n \u2014CNBC’s Sean Conlon and Pia Singh contributed to the report.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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