Asian stocks advanced after Nvidia beat earnings estimates, reported more than doubled quarterly revenue and forecast third-quarter revenue above Wall Street expectations. MSCI’s broadest index of Asia-Pacific shares excluding Japan rose 0.2% for a third consecutive daily gain, while South Korea’s KOSPI added 1% after the Bank of Korea raised its policy rate by 25 basis points to 3%. Taiwan rose 0.3%, while Japan’s Nikkei 225 fell 0.3%. Nvidia shares gained 4.7% in after-hours trading, lifting S&P 500 e-mini futures 0.3%. The gains came despite data showing the U.S. personal consumption expenditures index rose 0.2% in July after falling 0.1% in June, with Societe Generale analysts describing the inflation details as firmer ahead of the September FOMC meeting. The U.S. 10-year Treasury yield slipped 1 basis point to 4.652% as markets awaited Fed Chair Kevin Warsh’s speech in Jackson Hole, Wyoming, on Friday. Brent crude fell 0.8% to $87.11 amid efforts to restart U.S.-Iran peace talks, while gold rose 0.3% to $4,604.27 an ounce. Bitcoin gained 0.5% to $78,824.80 and ether rose 0.9% to $2,493.41. Bitcoin, ether and gold were benefiting from renewed dollar debasement trades, and had risen 14%, 25% and 34%, respectively, during the month.