Global equity markets experienced a significant rally on 20 November 2025 after Nvidia Corp.’s third-quarter earnings beat forecasts and its management projected a fourth-quarter revenue well above expectations. Asian markets led the move: Japan’s Nikkei 225 jumped around 3.5 % to 50,254.38, while South Korea’s KOSPI and Taiwan’s Taiex saw comparable gains. The strong performance helped ease fears of an AI bubble and sparked optimism in tech stocks and semiconductor supply chains. Investors also noted elevated US Treasury yields and renewed risk-on sentiment, although China’s markets remained muted.