Asian markets climb, Tokyo hits record after US tech gains
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Yahoo Finance
Updated: Feb 22 2024- Asian Markets Surge: Asian markets, including Tokyo, saw gains after Nvidia's strong earnings report, with the Nikkei 225 hitting a record high.
- Nvidia's Profits: Nvidia reported a quarterly profit of $12.3 billion and record revenue of $22.1 billion, driven by demand for its AI chips.
- Market Impact: Analysts predict that Nvidia's profits could boost Asian markets, with positive movements in Hong Kong, Shanghai, Seoul, Taipei, Bangkok, Manila, and Wellington.
- Global Market Trends: London's FTSE 100 was down due to HSBC's share price drop, while traders awaited clues from the European Central Bank and the US Federal Reserve on interest rate cuts.
- Key Figures: Tokyo's Nikkei 225 was up 1.8%, Euro/dollar and Dollar/yen rates increased, and oil prices rose slightly.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
