US chip designer Nvidia’s 233% quarterly revenue surge forecast supercharged a regional rally which saw a record day in Tokyo
Looming results from chip giant Nvidia preoccupied traders across the region while China’s markets rode a policy boost wave
China’s markets were slow to react to its biggest ever mortgage rate cut while Tokyo’s record run stalls
China’s markets enjoyed a post-holiday boost though the picture was messy elsewhere with relief from high interest rates still looking some way off
Chinese, Hong Kong, Singapore and South Korean markets were closed for the Lunar New Year, while Japan was also shut for National Day
An underwhelming end to the year of the rabbit saw Hong Kong’s benchmark fall back while Tokyo’s main bourse advanced again
Tokyo’s benchmark index continued its unassailable rise, boosted by BOJ’s signal on tightening, while Hong Kong was the region’s outlier
Chinese investors were still in buoyant mood after Beijing’s policy boosts but longer term uncertainty also cast a shadow
Investors across the region responded positively to Beijing’s latest efforts to turnaround its markets’ fortunes
China stocks saw a sixth successive session of declines, dragging most of their neighbours with them, in the absence of any clear stimulus from Beijing
Investors have not been won over by Beijing’s piecemeal stimulus efforts while Japan’s rise continued unabated
The US Fed’s decision to hold firm on rates and warning that inflation was still a threat weighed on sentiment across Asia on Thursday