Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles
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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 slid 0.6%, while the Topix traded flat. The benchmark Japanese index hit 59,000 for the first time on Thursday before paring gains slightly.
South Korea’s Kospi declined 1.1%, while the small-cap Kosdaq was down 0.35%.
Hong Kong Hang Seng index rose 0.68%, while the CSI 300 slid 0.49%.
Australia’s S&P/ASX 200 was flat in early trade.
Asia tech stocks slid in early trading. SK Hynix, which is a key supplier of high-bandwidth memory to Nvidia, dipped over 2%. Samsung Electronics, which has been a decades-old partner of Nvidia, was down 0.69%.
SoftBank Group, a major investors in AI companies, declined over 3%.
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.
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