HONG KONG (AP) — Asian stocks were mixed on Thursday following modest losses on Wall Street, while oil prices declined.U.S. futures were trading higher after Nvidia’s latest quarterly earnings beat Wall Street’s expectations as demand for its advanced artificial intelligence chips surged.In Japan, the Nikkei 225 slipped 0.2% to 66,131.98. Multinational investment holding firm SoftBank Group, which invests in OpenAI and many other technology companies, gained 0.7%.South Korea’s Kospi rose 1.5% to 6,912.37. Shares of market heavyweight Samsung Electronics gained 1.7%.Japan’s and South Korea’s stock markets have been among the biggest beneficiaries from the global AI frenzy, alongside Taiwan’s market. Its benchmark Taiex index added 0.3%.Hong Kong’s Hang Seng lost 0.3% to 25,566.24. The Shanghai Composite index rose 1.1% to 3,956.57.
China reported that growth in industrial profits slowed in July to 11.2%, down from 15.1% in June.Australia’s S&P/ASX 200 was 1% lower at 9,038.20.India’s Sensex edged down 0.2%.On Wednesday, Wall Street’s benchmark S&P 500 fell less than 0.1% but was still near its record high levels. The Dow Jones Industrial Average lost 0.2%, while the technology-heavy Nasdaq composite dipped 0.1%.Nvidia, one of the world’s most valuable companies, reported after markets closed Wednesday that its revenue for the May-July quarter more than doubled from the year before.
