asia

Asia-Pacific Markets Trade Mixed amid Wall Street Optimism on Nvidia Earnings Results

On Thursday morning (20 November, 9:47 AM, GMT+7, Bangkok time), major indices in Asia Pacific exhibited a mixed performance amid a positive sentiment seen on Wall Street, supported by a surge in semiconductor stocks after Nvidia delivered earnings and a guidance outlook that surpassed expectations. This further fuels optimism in the global AI sector and drives broader market gains.

Nvidia shares climbed over 4% in after-hours trading, following fiscal third-quarter results that exceeded both profit and revenue forecasts. The company also issued an upbeat sales projection for the fourth quarter, with CEO Jensen Huang attributing the positive outlook to extraordinary demand for its latest-generation Blackwell chips, describing the appetite as “off the charts.”

 

Japan’s NIKKEI surged by 3.06% to 50,025.10. South Korea’s KOSPI increased by 2.60% to 4,031.49, and Australia’s ASX 200 advanced by 1.09% to 8,539.80.

As for stocks in China, Shanghai’s SSEC dipped by 0.02% to 3,946.14. Shenzhen’s SZI fell by 0.16% to 13,059.45, and Hong Kong’s HSI contracted by 0.19% to 25,782.06.

 

The U.S. stock markets edged up on Wednesday as the Dow Jones Industrial Average (DJIA) gained 0.10% to 46,138.77. NASDAQ expanded by 0.59% to 22,564.22, and S&P 500 rose by 0.38% to 6,642.16. VIX dropped by 4.17% to 23.66.

 

As for commodities, oil prices settled lower on Wednesday after reports that the U.S. is pushing Ukraine to accept a peace plan requiring territorial concessions to Russia. Analysts said that a potential end to the conflict could increase Russian oil exports, raising concerns about oversupply. Brent crude futures slid $1.38, or 2.1%, finishing at $63.51 a barrel. U.S. West Texas Intermediate crude declined by $1.30, also down 2.1%, to close at $59.44 a barrel.

This morning, Brent crude futures grew 16 cents, or 0.25%, to $63.67 per barrel, and the WTI escalated 18 cents, or 0.30%, to $59.62 per barrel.

Meanwhile, gold futures shrank by 0.65% to $4,056.20 per Troy ounce.