Asia markets largely set to extend gains as Nasdaq hits record high

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Investors in Asia will be watching for any spillover to companies in Nvidia’s value chain, such as Taiwan’s TSMC and Foxconn.

This is CNBC's live blog covering Asia-Pacific markets.Several Wall Street firms also increased their price target on the AI darling ahead of its earnings report, suggesting shares could gain as much as 30% from their current levels.

"Commodity prices remain the biggest 'risk to the bull' in the U.S. this year," McCourt told clients in a Sunday note. JPMorgan Chase CEO Jamie Dimon indicated Monday that the day is getting closer when he still step down from running the nation's largest bank. While he said the pace of price increases has"eased dramatically" from its mid-2022 peak, Jefferson added that he supported the recent Federal Open Market Committee decision to hold rates steady.

Source: News Formal (newsformal.com)

 

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