Asian stocks surged Wednesday with Japan's Nikkei and South Korea's Kospi hitting record highs, driven by technology sector strength ahead of Nvidia's earnings report. The Nikkei climbed nearly 2% to 58,319 points while the Kospi rallied over 2% to 6,122.98, with both markets benefiting from export-oriented gains and tech strength.

Tech shares led regional markets as investors positioned for Nvidia's results after recent AI-related volatility. Samsung Electronics and SK Hynix rose about 2% each to record highs, while Hyundai Motor jumped as much as 10% amid reports of planned investments. The ASX 200 in Australia also set a new record at 9,130.30 points.

China's markets extended post-Lunar New Year gains with both Shanghai and Shenzhen indexes rising 1.2%, fueled by lower U.S. trade tariffs and increased consumer spending. India's Nifty gained 0.6% as software companies recovered from recent losses. Regional markets took positive cues from Wall Street's overnight session as AI disruption concerns eased.

Market sentiment remained constructive despite hotter-than-expected Australian inflation data that raised rate hike expectations, with investors focusing on tech sector momentum rather than immediate monetary policy concerns.