Asia-Pacific markets traded mixed Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.
Japan’s Nikkei 225 added 0.16% to close at 58,8850.27, while the Topix rose 1.5% to 3,938.68. The benchmark Japanese index hit 59,000 for the first time on Thursday before paring gains slightly.
South Korea’s Kospi declined 1.%, ending the day at 6,244.13, but the small-cap Kosdaq gained 0.39% to 1,192.78.
Hong Kong Hang Seng index was up 1% as of its last hour of trade, while mainland China’s CSI 300 slid 0.34% to 4,710.65.
Australia’s S&P/ASX 200 rose 0.25% to 9,198.6.
Asia tech stocks declined. SK Hynix, which is a key supplier of high-bandwidth memory to Nvidia, dipped 3.46%. Samsung Electronics, which has been a decades-old partner of Nvidia, fell 0.69%.
SoftBank Group, a major investors in AI companies, declined over 2.6%.
Overnight in the U.S., the S&P 500 pulled back after the latest results from tech titan Nvidia and software giant Salesforce failed to boost the broader market.
The broad market index fell 0.54% to end at 6,908.86, while the Nasdaq Composite declined 1.18% and closed at 22,878.38. The Dow Jones Industrial Average added 17.05 points, or 0.03%, to settle at 49,499.20.
Nvidia shares fell more than 5%, even after the chip giant posted a fourth-quarter earnings and revenue beat. The stock suffered its worst day since April. Other chip stocks such as Broadcom, Lam Research, Western Digital and Applied Materials also slid.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
Source: CNBC