Asian shares mostly slip as Nvidia disappoints market

Tokyo: Asian shares mostly fell Thursday as market attention turned to upcoming data on the US economy after Nvidia reported its financial results.

Nvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday. The results showed a strong profit, but Nvidia stock fell 2.1 per cent, though it is up 153 per cent for the year.

The company is one of the most influential stocks on Wall Street, with a total market value topping $3 trillion. Japan’s benchmark Nikkei 225 slipped 0.4 per cent to 38,220.34. Australia’s S&P/ASX 200 declined 0.4 per cent to 8,042.10. South Korea’s Kospi dipped 0.8 per cent to 2,667.65. Hong Kong’s Hang Seng fell 0.5 per cent to 17,608.50, while the Shanghai Composite dropped 0.5 per cent to 2,824.62.