Asian Shares Mixed, China Stocks Down, As Wall St. Retreats

Asian shares were trading mixed Thursday as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings, Yuri Kageyama reported for the Associated Press (AP).

Bank of Korea kept its policy rate unchanged, as was widely expected. I Photo: Bank of Korea LinkedIn

Japan’s benchmark Nikkei 225 gained 1.3% to 39,103.22. Australia’s S&P/ASX 200 sank 0.5% to 7,811.80. South Korea’s Kospi added 0.1% to 2,726.33. Hong Kong’s Hang Seng slipped 1.6% to 18,892.21, while the Shanghai Composite shed 1.2% to 3,120.35. 

Bank of Korea kept its policy rate unchanged, as was widely expected.

Semiconductor related issues were boosted by news that Nvidia’s profit skyrocketed above forecasts, with quarterly net income climbing more than sevenfold from a year earlier to $14.88 billion.

Revenue more than tripled for what’s become the iconic brand behind the recent artificial intelligence (AI) boom. 

The S&P 500 fell 0.3% to 5,307.01, a day after setting its latest all-time high. The Dow Jones Industrial Average sank 0.5% to 39,671.04, and the Nasdaq composite slipped 0.2% to 16,801.54 after setting its latest record.