Asian Stocks Rally as Tech Leads Ahead of Nvidia Earnings

May 28, 2025 4:04 PM - Parth Sanghvi

Image credit: m.

Most Asian markets climbed on Wednesday, mirroring Wall Street's sharp uptick after President Trump delayed hefty EU tariffs. Technology names outperformed on strong earnings from Xiaomi and ahead of Nvidia's report later today.

Regional Market Highlights

Japan's Nikkei 225: +0.6%
South Korea's KOSPI: +1.8% to a nine-month high
Taiwan's TSMC and Foxconn: each +0.5%
Australia's ASX 200: +0.2% after a solid consumer inflation print
China's CSI 300: Flat, weighed by weaker results at PDD

For a historical perspective on how Asian indices perform after U.S. tariff news, consult the Economics Calendar API, which also flags key upcoming events like Nvidia's earnings release.

Tech Sector Drives the Advance

China's Xiaomi surged on stellar earnings, while semiconductor suppliers rallied ahead of Nvidia's call:

Advantest (TYO:6857): +2.2% (Nvidia test-equipment)
SK Hynix (KS:000660): +2.7% (memory for GPUs)
Samsung Electronics (KS:005930): +3.3%
TSMC (TW:2330) and Hon Hai (TW:2317): +0.5% each

To see how tech valuations compare across markets, use the Sector P/E Ratio API, which shows current multiples for technology sectors in Japan, Korea, Taiwan, and beyond.

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