Manila: Most Asian shares surged on Thursday after Nvidia reported stronger-than-expected quarterly earnings, soothing worries that AI-driven stock prices may have shot too high. US futures and oil prices were higher.

Japan's Nikkei 225 index initially surged as much as 4.2 per cent before giving up some early gains. By early afternoon, it was up 2.6 per cent at 49,801.81 as technology stocks rallied, with investor sentiment boosted by Nvidia's report of USD 57 billion in quarterly revenue after trading closed in the US, significantly above expectations.

South Korea's Kospi added 3 per cent to 4,047.57, with gains led by technology and energy stocks. Investors were encouraged by Nvidia's earnings and reports that the US may delay planned semiconductor tariffs.

Samsung Electronics gained

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