Most Asian stocks rose on Tuesday, buoyed by a recovery in technology stocks ahead of key earnings from Nvidia Corp (NASDAQ:NVDA), although concerns over rising U.S. interest rates and slowing Chinese growth held back bigger gains.
While Wall Street indexes ended lower overnight, the technology sector saw strong gains ahead of closely-watched earnings from Nvidia on Wednesday. Anticipation of the Nvidia results also spurred positioning in stocks exposed to the world’s most valuable chipmaker.
Focus this week will largely be on whether the chipmaker benefited as forecast from an artificial intelligence boom- a trend that is likely to benefit Asian chip stocks that supply to the firm.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
