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Japan’s Nikkei 225 hits over 2-month high; Asian chip firms track Nvidia rebound

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Japan’s Nikkei 225 hits over 2-month high; Asian chip firms track Nvidia rebound

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia.

James D. Morgan | Getty Images News | Getty Images

Asia-Pacific markets mostly rose Wednesday as semiconductor and related stocks jumped after Nvidia rallied overnight, while higher Australia’s inflation rate climbed for a third straight month.

Australia’s headline inflation for May came in at 4%, compared with the 3.6% recorded in April. The core inflation rate also came in at 4%, higher than the 3.8% expected by a Reuters poll of economists.

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