Asian Stocks Experience Mixed Performance Following Wall Street Rally

Asian markets exhibited a mixed performance Friday, following Nvidia's impressive financial results, which sparked a rally in other technology firms and propelled Wall Street to yet another record high, as reported by Zimo Zhong for the Associated Press (AP).

US futures saw gains, while oil prices experienced a decline.

Tokyo's markets remained closed for a holiday following a surge to an all-time high the previous day.

Meanwhile, US futures saw gains, while oil prices experienced a decline. Hong Kong's Hang Seng index decreased by 0.2% to 16,705.50, and the Shanghai Composite index remained virtually unchanged at 2,983.10.

Government data released on Wednesday revealed limited signs of recovery in China's real estate sector, with prices of new homes in first-tier cities declining by 0.4% in January compared to the previous month, extending a downward trajectory.

Conversely, markets in other parts of Asia recorded gains. Australia's S&P/ASX 200 rose by 0.4% to reach 7,642.30, while the Kospi in Seoul increased by 0.5% to 2,676.57. In India, the Sensex saw a rise of 0.7%, and Bangkok's SET edged 0.1% higher.

On Thursday, the S&P 500 surged by 2.1% to close at 5,087.03, marking a new all-time high.

The Nasdaq also experienced a significant increase of 3% to reach 16,041.62. The Dow Jones Industrial Average, which has a lower weighting in tech stocks, saw a more modest rise of 1.2%, closing above 39,000 for the first time at 39,069.11.

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