Asian equities advanced broadly following a rebound on Wall Street, as investors navigated renewed volatility around artificial intelligence stocks. Markets in South Korea, Taiwan, and Japan continued to benefit from heavy global spending on AI infrastructure, given their dominance in semiconductor and equipment manufacturing. The KOSPI has surged to fresh records, extending its strong 2026 performance, while Taiwan’s TAIEX and Japan’s Nikkei 225 have also posted solid year-to-date gains. Analysts highlight the potential for further upside in Japan, noting that domestic investors hold an estimated $2.25 trillion in foreign equities, and even modest capital repatriation could support both the Nikkei and the yen.

Attention now turns squarely to Nvidia, whose earnings report is expected to test the resilience of the AI trade. Forecasts point to robust quarterly profit and revenue growth, continuing a long streak of outperformance. Options markets imply a share-price swing of roughly ±4.8% following the results—modest relative to past moves but enormous in absolute terms given Nvidia’s massive valuation. With a market capitalization around $4.7 trillion, even small percentage shifts translate into hundreds of billions of dollars in value. Investors will also monitor European inflation data and remarks from central bank officials, though Nvidia’s results are likely to dominate sentiment in the near term.