Posted 2/22/2024, 2:52:00 AM
Asian Stocks Rally, Led by Tech Shares, After Upbeat Nvidia Forecast
- Asian equities and US stock futures rose after Nvidia's strong sales forecast provided momentum for risk assets
- Japanese stocks hit a record high, driven by tech shares and chip gear producers after Nvidia earnings beat
- Mainland China stocks head for longest winning streak since 2020 following measures to stabilize market
- Asian investors regained optimism toward end of 2023, looking to overcome January losses amid recovery in China and Japan
- Oil added to gains, supported by tightening physical supplies; Bitcoin steadied after drop to trade around $51,250