Most Asian markets enjoyed an upward trajectory on Thursday, thanks to a U.S. court ruling that halted President Trump’s reciprocal tariffs. This positive sentiment, combined with robust tech earnings from Nvidia, resulted in significant gains across the region.

Tariff Ruling Brings Relief to Investors

The U.S. Court of International Trade decided that Trump exceeded his authority when imposing these tariffs. Following this announcement, S&P 500 Futures surged by 1.6%, and Nasdaq 100 Futures soared by 2%. Asian markets mirrored this optimism, with traders relieved that potential tariff escalations were postponed.

For traders wanting to keep track of significant market movements and upcoming legal events that could affect their strategies, monitoring the economics calendar is essential.

Nvidia Sparks Tech Sector Enthusiasm

Nvidia’s strong earnings performance positively impacted the broader technology sector. Stock prices rallied in countries like South Korea, where the KOSPI rose, buoyed by suppliers like Samsung Electronics.