Asian equities saw gains on Friday, supported by a positive performance on Wall Street. Investors were initially concerned about Nvidia Corp.'s revenue outlook, but these concerns were overcome.

Markets in Australia, Japan, and Hong Kong all experienced increases, while Chinese stocks showed volatility after a 1% decline in a US-listed Chinese stock index. US futures remained stable after the S&P 500 and Nasdaq 100 both posted gains on Thursday.

Nvidia's stock rose, reaching a new intraday record, as the company reassured investors about its upcoming product lineup, which is expected to drive growth in the artificial intelligence sector. Fidelity International's portfolio manager, Taosha Wang, emphasized the strong backdrop of US exceptionalism in the current market conditions. Wang suggested that advancements in artificial intelligence and potential pro-growth policies under a Trump administration will support US equities. Fidelity is also monitoring the impact of government stimulus on corporate earnings in China, as they await the translation of policy initiatives into financial results.