Nikkei 225, Kospi, Hang Seng Index

Asia-Pacific markets rose Tuesday as auto and tech stocks gained after Nvidia announced robust revenue forecast for its key chips, and partnerships with carmakers from the region.

Memory makers SK Hynix and Samsung Electronics rose over 3% and 4%, respectively. This comes after Nvidia CEO Jensen Huang said he expects purchase orders between Blackwell and Vera Rubin chips to reach $1 trillion through 2027 at Nvidia’s annual developer conference on Monday.

Taiwan’s TSMC, the world’s largest chipmaker, rose 1%.

Shares of automakers Hyundai Motor, Nissan Motor and Isuzu, as well as China’s BYD and Geely rose after Nvidia announced it was partnering with these companies for its autonomous vehicle development business.

Hyundai Motor advanced 4.74%, while Nissan Motor and Isuzu rose over 2% and 1.66% respectively. BYD added 2.96% while Geely rose 5%.

Investors also assessed Iran war developments, with U.S. President Donald Trump looking to delay his meeting with Chinese President Xi Jinping by “a month or so” due to the Middle East conflict. Trump was expected to travel to China at the end of March.

International benchmark Brent crude gained 2.45% to $102.57 per barrel, while the U.S. West Texas Intermediate rose 2.51% to $95.85 per barrel as of 8:44 p.m. ET. Prices had dropped on Monday.

Australia’s S&P/ASX 200 added 0.27%. Australia’s central bank is expected to raise rates for a second straight time, pushing its key policy rate to 4.1%, the highest since April 2025, according to Reuters estimates.

Japan’s Nikkei 225 added 0.75%, while the Topix jumped more than 1%. South Korea’s Kospi rose 2.94%, while the small-cap Kosdaq added 1.53%.

Hong Kong Hang Seng index rose 0.94%, while mainland CSI 300 rose 0.28%.

U.S. stock futures were flat after the major averages bounced overnight in light of cooling oil prices.

Futures tied to the Dow Jones Industrial Average lost 46 points, or 0.1%. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures declined nearly 0.2%.

Overnight in the U.S., stocks rose while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.

The Dow Jones Industrial Average added 387.94 points, or 0.83%, closing at 46,946.41. The S&P 500 rose 1.01% to end at 6,699.38, and the Nasdaq Composite gained 1.22% and settled at 22,374.18.

Meta shares gained more than 2% on a report — which the company has called “speculative” — that it is planning to lay off more than 20% of its workforce. Additionally, Nvidia shares rose more than 1% as its GTC conference kicked off Monday.

—CNBC’s Sean Conlon and Pia Singh contributed to the report.