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Asian stocks climb on Japan and Korea recovery
Asian equity markets rose today, with Japan and South Korea's indices gaining more than 0.6%, supported by improved sentiment in the technology sector ahead of Nvidia's earnings announcement, which is expected to reach around $92 billion in quarterly revenue. Meanwhile, shares of companies like LG Innotek surged by 5.6%, while Chinese Meituan's stocks declined by 5.4%. Market reactions were influenced by Alibaba's sale of $10.2 billion worth of shares to fund artificial intelligence projects, as investors also await the upcoming US Personal Consumption Expenditures report. Additionally, geopolitical concerns and the impact of US sanctions on Iran continue to affect the energy markets.
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