BENGALURU: Taiwan stocks climbed and South Korean shares ended above the key 4,000 level on Thursday, after Nvidia’s strong earnings tempered fears of an AI bubble.
Sentiment across Asian equities improved after AI-darling Nvidia overnight forecast quarterly revenue well above Wall Street expectations, with chief executive officer Jensen Huang pointing to strong demand from major cloud providers and downplaying bubble concerns.
Nvidia’s sunny growth outlook caps a week that saw investors question the sustainability of the recent rally in AI, dragging tech-heavy South Korea and Taiwan markets more than 3 percent and 2 percent lower over the past two sessions.
South Korea’s KOSPI, one of the region’s top performers this year, jumped as much as 3.3 percent earlier in the session before closing 1.9 percent higher. The benchmark is now up 67 percent in 2025.
Among index heavyweights, chipmaker Samsung Electronics gained 4.3 percent, while peer SK Hynix advanced 1.6 percent.
Taiwan stocks also rose 3.2 percent, snapping a two-session losing streak, with shares of TSMC, the world’s largest maker of advanced chips, climbing 4.3 percent.
Nvidia earnings also lifted the MSCI index of emerging Asia equities and a broader gauge of Asian shares outside Japan by nearly 1 percent, while the MSCI ASEAN index advanced 0.4 percent.
Other regional markets also traded in the green, with shares in Malaysia and Singapore up 0.3 percent and 0.2 percent, respectively, while Philippine markets advanced over 2 percent.
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