Asian stocks climb for third day

The rise of Asian stocks for the third consecutive day was driven by Nvidia surpassing its quarterly earnings expectations, announcing doubled revenues and projections that exceeded Wall Street estimates for the third quarter. This led to gains in technology manufacturer shares and boosted investor confidence. At the same time, American inflation data showed the continued rise of the Federal Reserve's preferred gauge, raising concerns among markets about the trajectory of U.S. monetary policy. Additionally, global markets experienced fluctuations in oil and gold prices as investors awaited further signals regarding interest rates and inflation trends.

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