How did Asian markets perform on Friday despite Nvidia's earnings?

Asian markets ended mostly higher on Friday, with investor concerns about the AI boom's durability persisting despite Nvidia's strong earnings.

What were the closing figures for China's Shanghai Composite and Hong Kong's Hang Seng indices?

China's Shanghai Composite index ended up 0.39 percent at 4,162.88, while Hong Kong's Hang Seng index surged 0.95 percent to 26,630.54.

Home / Business and Economy / Asian Markets Rise Amidst AI Hype & Oil Flux

Asian Markets Rise Amidst AI Hype & Oil Flux

Q: What was the impact of the U.S.-Iran nuclear talks on oil prices?

Oil prices edged up slightly after diplomatic efforts between the United States and Iran concerning Tehran's nuclear program concluded without an agreement.

27 Feb

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Summary

Asian markets saw mixed results despite Nvidia's strong earnings.
Japanese yen and U.S. Treasuries gained value in Asian trade.
Oil prices increased slightly following inconclusive Iran nuclear talks.

Asian Markets Rise Amidst AI Hype & Oil Flux

Asian markets exhibited a predominantly positive trend on Friday, even as strong earnings from Nvidia failed to entirely alleviate investor apprehension regarding the sustainability of the artificial intelligence boom. The Japanese yen and U.S. Treasuries experienced an upward movement during Asian trading hours, indicating a shift towards safer assets.

Concurrently, oil prices saw a minor increase. This rise followed the conclusion of diplomatic negotiations between the United States and Iran concerning Tehran's nuclear program. The talks, held in Switzerland, ended without a definitive agreement, though an Omani mediator reported progress on certain issues, with further discussions scheduled for the upcoming week in Vienna.

In China, the Shanghai Composite index concluded its trading session with a gain of 0.39 percent. Investors are anticipating the nation's key Two Sessions meeting, where economic targets and policy directions are expected to be unveiled. Hong Kong's Hang Seng index performed strongly, surging 0.95 percent ahead of anticipated earnings releases.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.