Asia-Pacific markets traded mixed on Friday, after U.S. stocks fell overnight as shares of Nvidia fell despite higher quarterly profits.
from Japan Nikkei 225 added 0.16% to close at 58,8850.27, while the Topix rose 1.5% to 3,938.68. Japan’s benchmark index hit 59,000 for the first time on Thursday before paring its gains slightly.
South Korea’s Kospi fell 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% in its final hour of trading, while mainland China’s CSI 300 index slipped 0.34% to 4,710.65.
Australia S&P/ASX200 rose 0.25% to 9,198.6.
Asian tech stocks fell. SK Hynix, which is one of Nvidia’s main high-bandwidth memory suppliers, fell 3.46%. Samsung Electronicswhich was decades old partner of Nvidia, fell 0.69%.
SoftBank Groupa leading investor in AI companies, fell more than 2.6%.
Overnight in the United States, the S&P500 removed after latest Tech Titan results Nvidia and software giant Sales force failed to stimulate the market as a whole.
The broad market index fell 0.54% to end at 6,908.86, while the Nasdaq Composite fell 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 reported higher fourth-quarter profits and revenue. The stock had its worst day since April. Other chip stocks such as Broadcom, Search Lam, Western digital And Applied materials also slipped.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
