Asia-Pacific markets experienced a mixed open on Thursday, with the Nikkei 225 leading declines as investors focused on technology stocks following Nvidia's earnings report.
Nvidia slipped 0.8% in after-hours trading, as the company posted a 94% year-on-year revenue growth for the third quarter, reaching US$35.08 billion (A$53.84 billion).
Despite the impressive results, this marked a slowdown from the previous three quarters, which saw revenue increases of 122%, 262%, and 265%, respectively.
The company also reported a sharp rise in net income to $19.3 billion, compared to $9.24 billion in the same period last year.
Investors also monitored developments concerning Indian stocks linked to Gautam Adani. The chair of India’s Adani Group, alongside others, was indicted in a New York federal court on charges of bribery and fraud.
By midday AEDT (1 am GMT), Australia's ASX 200 edged higher by 0.1% to 8,330.6, while South Korea's Kospi 200 also rose 0.1% to 2,458.3. In contrast, Japan’s Nikkei 225 dropped 0.7% to 38,076.6.
In the U.S., markets showed a mixed performance on Wednesday. The S&P 500 closed flat at 5,917.11, while the Nasdaq Composite declined by 0.11%. The Dow Jones Industrial Average provided a positive note, gaining 0.32%.
Nvidia’s shares slipped nearly 1% ahead of its anticipated earnings release, and disappointing results from Target weighed further on investor sentiment.
In the commodity markets, Brent crude oil fell by 0.2% to US$73.14 per barrel, while gold rose 0.7% to US$2,649.68 per ounce.
Chinese shares closed on a positive note. The Shanghai Composite Index climbed 0.7% to 3,367.99, while the CSI also gained 0.7% to reach 3,368.
Hong Kong’s Hang Seng Index ended the session up 0.2% at 19,705.01.
Indian markets followed suit, with the BSE SENSEX increasing by 0.3% to 77,578.38.
In contrast, European markets closed lower. Germany’s DAX declined by 0.3% to 19,004.78, and France’s CAC 40 slipped 0.4% to 7,198.45. The U.K.’s FTSE 100 Index also retreated, falling 0.2% to 8,085.07.