**Asian Markets Rise Amid Positive Sentiment on Wall Street and Anticipation of Nvidia Earnings**

Several Asian markets experienced gains on Wednesday, inspired by a strong performance on Wall Street. Investors welcomed President Donald Trump's decision to delay heavy trade tariffs on Europe, providing a boost to market confidence.

Technology stocks spearheaded the growth, driven by exceptional earnings from China's Xiaomi and heightened interest in the sector ahead of Nvidia Corporation’s upcoming earnings report. The anticipation for Nvidia’s earnings, expected later today, has investors betting on strong results, particularly in light of increased spending on AI infrastructure by major U.S. firms.

Wall Street’s influence was evident as the S&P 500 surged over 2%, contributing to the optimism seen across Asian markets. Futures for the index remained steady around 5,934 points during regional trade. However, some markets saw limited gains, such as in Australia, where stocks rose marginally following a stronger-than-expected consumer inflation report.

In Japan, the Nikkei 225 increased by 0.6%, while South Korea's KOSPI surged 1.8% to reach a nine-month high, buoyed by significant advances in technology stocks. Notably, Nvidia suppliers such as Japan’s Advantest Corp. and South Korea’s SK Hynix Inc and Samsung Electronics Co Ltd saw their stocks rise by 2.2%, 2.7%, and 3.3% respectively. In Taiwan, TSMC and Hon Hai Precision Industry Co Ltd (Foxconn) each gained approximately 0.5%.

Despite the overall positive trend, Chinese markets lagged due to ongoing concerns about deflation and weak consumer spending. Both the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell slightly. Hong Kong's Hang Seng index also dropped by 0.3%. Weak earnings from ecommerce giant PDD Holdings added to the growing worries, overshadowing Xiaomi’s impressive first-quarter profit, which saw its shares rise by 1.6% in Hong Kong.

Broader Asian markets mostly advanced, although gains were modest in some regions. Australia’s ASX 200 increased by 0.2%, trailing behind its regional peers due to higher than expected consumer inflation, which cast doubt on future interest rate cuts by the Reserve Bank of Australia. Meanwhile, Singapore's Straits Times index climbed 0.4%, and Japan's TOPIX index rose by 0.5%.

In India, Gift Nifty 50 Futures for the Nifty 50 index indicated a weaker open, as the index struggled to sustain momentum above 25,000 points. The year 2024 has seen valuations rise sharply, leading many investors to exercise caution with their investments.

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