This is an acid-base reaction (neutralization): KOH is a base, HNO3 is an acid.
Reactants:
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KOH – Potassium hydroxide
Other names: Caustic potash, Lye, Potash lye
Appearance: White solid, deliquescent ; White hygroscopic solid in various forms ; Odorless, white or slightly yellow lumps, rods, flakes, sticks, or pellets. [Note: May be used as an aqueous solution.]
HNO3 – Nitric acid
Other names: Aqua fortis, Spirit of niter, Eau forte
Appearance: Colorless, yellow or red fuming liquid ; Colourless-to-yellow liquid with pungent odour ; Colorless, yellow, or red, fuming liquid with an acrid, suffocating odor. [Note: Often used in an aqueous solution. Fuming nitric acid is concentrated nitric acid that contains dissolved nitrogen dioxide.]
Products:
KNO3 – Potassium nitrate
Other names: Saltpeter, Saltpetre, Nitrate of potash
Appearance: White solid ; Colourless-to-white crystalline powder
H2O – Water, oxidane
Other names: Water (H2O), Hydrogen hydroxide (HH or HOH), Hydrogen oxide
Appearance: White crystalline solid, almost colorless liquid with a hint of blue, colorless gas