Asia-Pacific markets exhibited a mixed performance, with gains in the auto and tech sectors following Nvidia’s announcement of a strong revenue forecast for its essential chips, alongside new partnerships with regional car manufacturers. Samsung Electronics, a long-standing collaborator of Nvidia, experienced an increase of 2.76%. Taiwan’s TSMC, recognized as the largest chipmaker globally and the producer of Nvidia’s sophisticated AI GPUs, experienced an increase of 1.36%. Nvidia’s CEO Jensen Huang projected that purchase orders for Blackwell and Vera Rubin chips will total $1 trillion by 2027 during the company’s annual developer conference on Monday. SK Hynix, however, reversed course to decline by 0.41%.

Shares of automakers Hyundai Motor, Nissan Motor, and Isuzu, along with China’s BYD and Geely, experienced an uptick following Nvidia’s announcement of a partnership with these firms for its autonomous vehicle development initiatives. Hyundai Motor experienced an increase of 3.16%, whereas Nissan Motor and Isuzu saw gains of 1.19% and 1.43%, respectively. BYD experienced an increase of 1.18%, while Geely saw a rise of 4.61%. Investors evaluated the developments regarding the Iran conflict, as U.S. President Donald Trump indicated a potential postponement of his meeting with Chinese President Xi Jinping by “a month or so” in light of the situation in the Middle East. Trump was anticipated to embark on a trip to China at the conclusion of March.

International benchmark Brent crude experienced an increase of 3.43%, reaching $103.65 per barrel, while the U.S. West Texas Intermediate saw a rise of 3.85%, climbing to $97.08 per barrel as of 2:32 am. Australia’s S&P/ASX 200 experienced an increase of 0.36%, concluding the trading session at 8,614.3. On Tuesday, Australia’s central bank increased benchmark policy rates for the second consecutive time, bringing them to 4.1%. The 25 basis points increase aligned with the forecasts of analysts surveyed by Reuters, occurring as inflation in Australia remains above the central bank’s upper threshold of 3%. Japan’s Nikkei 225 concluded the trading session unchanged at 53,700.39, whereas the Topix experienced an increase of 0.45%, reaching 3,627.07. South Korea’s Kospi increased by 1.63%, concluding the trading day at 5,640.48, whereas the small-cap Kosdaq experienced a decline of 0.12%, finishing at 1,136.94. The Hong Kong Hang Seng index experienced a modest increase of 0.13%, reaching 25,868.54, whereas the mainland China’s CSI 300 saw a decline of 0.73%, settling at 4,637.44.

Futures associated with the Dow Jones Industrial Average declined by 46 points, representing a decrease of 0.1%. S&P 500 futures experienced a slight decline of 0.1%, whereas Nasdaq 100 futures fell by almost 0.2%. Overnight in the U.S., equities experienced an uptick while oil prices experienced a decline as Wall Street endeavored to rebound from yet another week of losses, with investors closely observing the latest developments in the Iran conflict. The Dow Jones Industrial Average increased by 387.94 points, representing a rise of 0.83%, to close at 46,946.41. The S&P 500 increased by 1.01%, concluding at 6,699.38, while the Nasdaq Composite experienced a rise of 1.22%, finishing at 22,374.18. Meta shares experienced an increase exceeding 2% following a report, which the company has labeled as “speculative,” indicating plans to reduce its workforce by more than 20%. Furthermore, Nvidia’s shares experienced an increase of over 1% as the GTC conference commenced on Monday.