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[MARKET ANALYSIS] Asia-Pac stocks are mixed but with most major indices positive after NVIDIA's earnings beat and strong fiscal 2028 revenue growth outlook

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Asia-Pac stocks traded mostly higher after NVIDIA beat earnings expectations and projected strong revenue growth, with KOSPI outperforming while ASX 200 declined on rate hike expectations.

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APAC Stocks: Mixed Asia-Pac stocks are ultimately mixed, but with most indices in the green, after the flat performance stateside, where markets digested the firmer-than-expected headline PCE data and braced for NVIDIA earnings. The AI darling beat on top and bottom lines, although its shares were initially subdued, but were then boosted during the earnings call as the CFO flagged about a 70% revenue growth for the next fiscal year. ASX 200: -0.8% Underperforms amid another barrage of earnings releases and recent inflation data, which has prompted a call by NAB for the RBA to resume hiking rates at the next meeting in September. Nikkei 225: +0.2% Swung between gains and losses with the index fading the initial NVIDIA-spurred euphoria. KOSPI +2.0% Leads the advances in the region as chipmakers cheer NVIDIA's strong results and outlook, while investors are also unfazed by the BoK's pre-emptive back-to-back rate hike. Hang Seng & Shanghai Comp: Hang Seng -0.4% / Shanghai Comp +0.6% Chinese markets are mixed amid several earnings releases and slower Industrial Profits, although the mainland is kept afloat after the PBoC conducted both 7-day and overnight reverse repo operations. US Equity Futures: Positive Climbed higher with the Emini Nasdaq 100 front-running the gains following NVIDIA's results and earnings call. European Equity Futures +0.4% Indicate a higher cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with gains of 0.2% on Wednesday.

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