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International Business Times
International Business Times
Business
AFP News

Asian Markets Open Higher After US Tech Gains

United States Nvidia US Federal Reserve Kim Forrest Stephen Innes
Analysts say Nvidia's bumper profits could drive up Asian markets, with Tokyo stocks moving towards a record high on the firm's gains (Credit: AFP)

Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates.

Highly anticipated earnings results from US chip titan Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion on record-high revenue driven by demand for its AI-powering chips.

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