Asian shares sit tight ahead of Nvidia results, yields near highs

By Stella Qiu SYDNEY (Reuters) – Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia to see if the sector’s lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile. S&P 500 futures climbed 0.3% while Nasdaq futures rose 0.4%. MSCI’s broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago. Japan’s Nikkei rose a meagre 0.2%. Data on Wednesday showed Japan’s factory activity shrank for a third straigh…

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