Asian stocks rise for third day on Nvidia earnings beat

Asian stocks rose for a third consecutive day on Thursday, driven by Nvidia's better-than-expected earnings report, which boosted tech hardware manufacturers and investor confidence despite hot U.S. inflation data. Nvidia's quarterly revenue more than doubled, with third-quarter forecasts exceeding Wall Street estimates, sending its shares up 4.7% in after-hours trading. South Korea's KOSPI gained 1.5%, Taiwan shares rose 0.9%, while Japan's Nikkei slipped 0.4%. The gains followed a flat U.S. close as July core PCE inflation ran firmer than expected. Oil fell for a fourth day on Middle East peace efforts, while gold, bitcoin, and ether rose on dollar debasement trades.