International market indices, like Japan's Nikkei 225 (^N225) and Europe's STOXX 600 (^STOXX), are moving higher after Nvidia (NVDA) reported better-than-expected earnings results in its fourth-quarter report. The company's earnings have sent a ripple effect through both the US and global equity markets as many on Wall Street continue to buy into the AI hype. Yahoo Finance Anchors Rachelle Akuffo and Akiko Fujita break down the latest developments for international markets and what the Nvidia-fueled rally could mean for the AI boom moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Hong Kong stocks extended a rally that lifted the city's benchmark index to the highest level in seven weeks, as post-Covid earnings at travel platform operator Trip.com Group sent its shares to an all-time high. Tech leaders advanced, buoyed by Nvidia's bullish revenue forecast. The Hang Seng Index jumped 1.5 per cent to 16,742.95 on Thursday to a level not seen since January 2, while the Tech Index surged 1.8 per cent. The Shanghai Composite Index climbed 1.3 per cent and the CSI 300 climbed f
SINGAPORE (Reuters) -Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets. On that day, the benchmark index closed at 38,915.87 while on Thursday the Nikkei finished 2.19% higher at 39,098.68. "For us traders, this marks the arrival of a new era," said Tsutomu Yamada, senior market analyst at Au Kabucom Securities in Tokyo.