Investing.com – Majority of Asian equity markets rebounded on Tuesday (08/22), buoyed by a rally in tech stocks ahead of the release of a landmark financial report from NVIDIA Corp (NASDAQ:NVDA), despite concerns over the rise and the slowdown in US interest rates. Chinese growth dampened further gains.

As Wall Street indexes ended lower overnight, the tech sector posted strong gains ahead of Nvidia’s much-watched results on Wednesday. Anticipation of Nvidia’s financial results also added to the position in stocks exposed to producers. fleas the most valuable in the world.

This week, the main focus will be on whether policy makers fleas he took advantage of the boom as expected artificial intelligence – a trend that should benefit equities fleas Asia which supplies the company.

However, fears of slowing growth in China, especially after the People’s Bank of China’s disappointing interest rate cut on Monday, are still weighing on sentiment.

Last night’s peak Treasury yields The United States, ahead of the Jackson Hole Symposium this week, is also doing traders Stay alert.

Tech and chipmaker sectors rose ahead of Nvidia/h2 results

Japan’s Nikkei 225 index was Asia’s best performer today, gaining 0.8%, while the broader TOPIX index added 0.6%.

Semiconductor test equipment manufacturer Advantest Corp (TYO:6857), which is Suppliers Nvidia, however, jumped more than 4% and was the best performer in the Nikkei. Tech conglomerate SoftBank Group Corp (TYO:9984) – which is also exposed to producers fleas across its units, jumped more than 2%.

In addition to the rise in the technology sector, confidence in Japan has also been boosted by a season of strong financial reports. Analysis by Japan’s Nikkei news agency suggests that Japan’s big companies will post record profits for the third year in a row, helped by rising prices and continued monetary stimulus from the Bank of Japan.

Among other big Asian tech companies, Taiwan Semiconductor Manufacturing (TW:2330) (NYSE:TSM) rose 0.6%, and South Korea’s KOSPI gained 0.6% on gains from chipmaker Samsung. Electronics (KS:005930) and SK Hynix Inc. (KS: 000660).

India’s Nifty 50 index held steady, though major Indian tech stocks are expected to follow gains in US equities.

Chinese stocks rally, but outlook uncertain/Half-Year

The Shanghai Shenzhen CSI 300 Index and China’s Shanghai Composite Index each rose around 0.2%, while Hong Kong’s Hang Seng Index rose 0.4% as major tech stocks rose. .

All three indices traded near year-to-date lows after doubts over China’s economic recovery were heightened by a disappointing interest rate cut by the People’s Bank of China on Monday.

The move signals limited monetary support for the Chinese economy as the country grapples with its worst growth rates in years.

Concerns over China weigh on Australia’s ASX 200 index. BHP Group Ltd (ASX:BHP), the index’s largest stock, fell 1.3% after reporting a weak annual profit due to the weak Chinese demand.