Nikkei 225, Kospi, Nifty 50
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles
George Pachantouris | Moment | Getty Images
Asian markets showed mixed performances on Friday, following a decline in U.S. stocks as Nvidia shares took a hit despite beating quarterly earnings.
Japan’s Nikkei 225 fell 0.6%, while the Topix remained flat. The Nikkei reached 59,000 for the first time on Thursday before experiencing a slight pullback.
South Korea’s Kospi dropped 1.1%, with the Kosdaq also down by 0.35%.
Hong Kong’s Hang Seng index rose by 0.68%, while the CSI 300 declined by 0.49%.
Australia’s S&P/ASX 200 remained steady in early trading.
Technology stocks in Asia saw declines at the start of the trading day. SK Hynix, a key supplier for Nvidia, experienced a more than 2% drop. Samsung Electronics, a long-time partner of Nvidia, saw a decrease of 0.69%.
SoftBank Group, known for its investments in AI companies, saw a decline of over 3%.
In the U.S. overnight, the S&P 500 retreated following underwhelming results from Nvidia and Salesforce, failing to lift the overall market sentiment.
The S&P 500 index dropped by 0.54% to close at 6,908.86, while the Nasdaq Composite fell by 1.18% to end at 22,878.38. The Dow Jones Industrial Average added 17.05 points, or 0.03%, settling at 49,499.20.
Nvidia shares plummeted by over 5% despite exceeding expectations in fourth-quarter earnings and revenue. The stock experienced its worst performance since April. Other semiconductor stocks like Broadcom, Lam Research, Western Digital, and Applied Materials also saw declines.
—Contributions to this report by CNBC’s Sean Conlon and Pia Singh.
