{"id":302832,"date":"2026-02-26T08:05:09","date_gmt":"2026-02-26T08:05:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/302832\/"},"modified":"2026-02-26T08:05:09","modified_gmt":"2026-02-26T08:05:09","slug":"asian-shares-mostly-rise-after-nvidia-earnings-beat-expectations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/302832\/","title":{"rendered":"Asian shares mostly rise after Nvidia earnings beat expectations"},"content":{"rendered":"\n

HONG KONG (AP) \u2014 U.S. futures fell while Asian shares mostly advanced on Thursday after strong-than-expected earnings from chipmaker Nvidia<\/a> helped ease some investor worries over the artificial intelligence<\/a> boom.<\/p>\n

Tokyo\u2019s Nikkei 225 crossed the 59,000 mark for the first time, although it later gave up some gains, rising 0.2% to 58,715.33. Shares of SoftBank Group, which has a focus on AI technology<\/a>, were up 3.5%. Chipmaker Tokyo Electron lost 2.8%.<\/p>\n

Share prices also pushed higher after Japanese Prime Minister Sanae Takaichi appointed two economists viewed as favoring keeping interest rates low to the board of the central bank.<\/p>\n

South Korea\u2019s Kospi surged 2.3% to 6,222.29, driven by gains for tech-related stocks. The index surpassed the 6,000 level for the first time on Wednesday. It has gained 44% since the beginning of this year after enduring a year of political upheavals that ended with former President Yoon Suk Yeol being sentenced to life in prison.<\/p>\n

Shares of Samsung Electronics, the country\u2019s biggest listed company, jumped 5.5%. Chipmaker SK Hynix gained 2.5%.<\/p>\n

Hong Kong\u2019s Hang Seng lost 0.4% to 26,656.29. The Shanghai Composite index edged 0.1% lower to 4,144.08.<\/p>\n

In Australia, the S&P\/ASX 200 added 0.5% to 9,174.50.<\/p>\n

Taiwan’s Taiex picked up 0.2%, while India’s Sensex traded 0.3% higher.<\/p>\n

Nvidia\u2019s earnings influence global financial markets both because it is the world\u2019s most valuable company and the biggest S&P 500 constituent and because it is benefiting from advances in AI-related technologies.<\/p>\n

Its latest quarterly<\/a> revenue jumped 73% from a year earlier to $68 billion. The California-based company also gave a forecast of $78 billion for revenue in the current quarter, which exceeded analysts\u2019 expectations.<\/p>\n

Its CEO, Jensen Huang, said demand for Nvidia chips is still \u201cskyrocketing.\u201d<\/p>\n

\u201cAI is here, AI is not going to go back,\u201d Huang said during a conference call.<\/p>\n

Nvidia rose 0.2% in afterhours trading following its earnings announcement, which came after markets closed on Wednesday.<\/p>\n

Its robust earnings helped alleviate some concerns over whether the AI craze is real and whether huge investments will pay off. But many investors remain cautious.<\/p>\n

Thomas Mathews, head of markets for Asia Pacific at Capital Economics, however argued in a research note on Thursday that \u201cstrong profit growth, as emphasized by recent earnings reports\u201d, including Nvidia\u2019s, is a key reason to think the S&P 500 will do well in 2026. He forecast the S&P 500 at 8,000 by the year’s end.<\/p>\n

On Wednesday, the S&P 500 rose 0.8% to 6,946.13. The Dow Jones Industrial Average climbed 0.6% to 49,482.15, and the Nasdaq composite gained 1.3% to 23,152.08.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (AP) \u2014 U.S. futures fell while Asian shares mostly advanced on Thursday after strong-than-expected earnings from…\n","protected":false},"author":2,"featured_media":302833,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,166022,41879,111,139,1042,69,53957,89738,145],"class_list":{"0":"post-302832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-earnings-announcement","12":"tag-earnings-reports","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nvidia","16":"tag-nz","17":"tag-sanae-takaichi","18":"tag-softbank-group","19":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/302832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=302832"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/302832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/302833"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=302832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=302832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=302832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}