Hong Kong, Nov 19 (V7N): Asian markets gained momentum on Tuesday following Wall Street's positive close, with investors eagerly eyeing Nvidia's upcoming earnings and updates on Donald Trump's new administration. Markets in Hong Kong and Shanghai led the charge, fueled by hopes of further economic stimulus from China.

Equities have been volatile since Trump’s re-election earlier this month. Optimism surrounding tax cuts and deregulation has been dampened by concerns about inflation risks and potential trade tensions with China. Analysts warn these dynamics could complicate the Federal Reserve's battle to stabilize prices, as traders reassess the likelihood of future interest rate cuts.

Market Movements:

  • Hong Kong's Hang Seng Index climbed 0.6% to 19,691.17, bolstered by confidence in China’s potential property-sector support.
  • Shanghai Composite Index edged up 0.2% to 3,331.85.
  • Tokyo's Nikkei 225 advanced 0.6% to 38,429.37, rebounding from earlier softness.

Additional gains were seen across other Asian markets, including Sydney, Seoul, Singapore, Taipei, and Manila.

The highlight for investors this week is Nvidia’s earnings, which are anticipated to reflect the strength of the AI-driven tech surge. The company has seen its stock skyrocket nearly 800% in the past year, positioning it as a market bellwether for tech and AI.
“Nvidia’s results will either solidify AI as the market leader or prompt a reevaluation of the sector's lofty valuations,” remarked analyst Stephen Innes.

Key Indicators (as of 0230 GMT):

  • Euro/Dollar: DOWN at $1.0596.
  • Pound/Dollar: DOWN at $1.2675.
  • Dollar/Yen: DOWN at 154.12 yen.
  • West Texas Intermediate (WTI): FLAT at $69.16 per barrel.
  • Brent Crude: UP 0.1% at $73.38 per barrel.
  • New York Dow: DOWN 0.1% at 43,389 points (close).
  • London FTSE 100: UP 0.6% at 8,109.32 (close).

END/BUS/RH/