Premarket: Global stocks climb on Nvidia earnings, Samsung strike suspension
Asian stocks experienced a significant rise following positive earnings from Nvidia and a suspended strike at Samsung Electronics. The MSCI index for Asia-Pacific shares outside Japan increased by 2.7%, while South Korea's KOSPI surged over 8%. However, concerns about supply and geopolitical tensions persisted, impacting market sentiment.
- ▪Asian stocks surged on Thursday, with the MSCI index climbing 2.7%.
- ▪Samsung Electronics shares rose more than 8% after a tentative pay deal was reached, avoiding a strike by 48,000 workers.
- ▪Nvidia's better-than-expected revenue forecast boosted chipmaker shares, although its own stock fell 1.3% in extended trading.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free Account Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers’ strike at Samsung Electronics lifted shares of chipmakers.MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 2.7 per cent, snapping a four-day streak of losses. South Korea’s KOSPI leapt more than 8 per cent and Taiwanese shares rose almost 4 per cent.
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