Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat
Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings
TOKYO (AP) — Asian shares were trading mixed Thursday, as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings.
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.
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 boom.
Also in Asia, the Bank of Korea kept its policy rate unchanged, as was widely expected.
