Asian markets were mostly lower as investors processed Nvidia’s strong, widely anticipated earnings report.
While Nvidia exceeded analysts’ expectations, technology shares in Tokyo fell, having already surged in anticipation of the results. Nvidia’s shares declined by 2.5% in after-hours trading.
Japan’s Nikkei 225 dropped 0.9% to 38,025.66, with semiconductor equipment maker Advantest falling 2.6% and chipmaker Tokyo Electron slipping 0.5%. Australia’s S&P/ASX 200 edged down less than 0.1% to 8,323.00, while South Korea’s Kospi gained 0.5% to 2,493.73. Hong Kong’s Hang Seng fell 0.2% to 19,667.42, and the Shanghai Composite inched up less than 0.1% to 3,368.80.
On Wall Street, the major indexes were mostly negative throughout Wednesday. The Nasdaq ended down 0.1% at 18,966.14, while the S&P 500 was flat at 5,917.11, and the Dow Jones Industrial Average closed 0.3% higher at 43,408.47.
In the bond market, the yield on the benchmark 10-year US Treasury note rose slightly to 4.409%, up from 4.406% late Tuesday.
