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 added 0.16% to close at 58,8850.27, while the Topix rose 1.5% to 3,938.68. The benchmark Japanese index hit 59,000 for the first time on Thursday before paring gains slightly.
South Korea’s Kospi declined 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% as of its last hour of trade, while mainland China’s CSI 300 slid 0.34% to 4,710.65.
Australia’sĀ S&P/ASX 200 rose 0.25% to 9,198.6.
Asia tech stocks declined. SK Hynix, which is a key supplier of high-bandwidth memory to Nvidia, dipped 3.46%.Ā Samsung Electronics, which has beenĀ a decades-oldĀ partner of Nvidia, fell 0.69%.
SoftBank Group, a major investors in AI companies, declined over 2.6%.
Overnight in the U.S., theĀ S&P 500Ā pulled back after the latest results from tech titanĀ NvidiaĀ and software giantĀ SalesforceĀ failed to boost the broader market.
The broad market index fell 0.54% to end at 6,908.86, while theĀ Nasdaq CompositeĀ declined 1.18% and closed at 22,878.38. TheĀ Dow Jones Industrial AverageĀ 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 asĀ Broadcom,Ā Lam Research,Ā Western DigitalĀ andĀ Applied MaterialsĀ also slid.
ā€”CNBC’s Sean Conlon and Pia Singh contributed to this report.
