Asian stocks mostly declined on Friday due to a drop in Wall Street, where Nvidia’s shares fell. Japan’s Nikkei 225 was relatively flat, Australia’s S&P/ASX 200 rose, South Korea’s Kospi dropped, Hong Kong’s Hang Seng fell significantly, and Shanghai Composite slightly declined. On Wall Street, the S&P 500 and Nasdaq Composite fell, while the Dow Jones Industrial Average gained. Nvidia’s loss ended its eight-week winning streak, but it remains a pivotal player in artificial intelligence technology. Amid concerns about investment enthusiasm, some companies like Accenture are still able to rise despite weaker performances due to their involvement in AI. The U.S. economy is displaying mixed signals, with potential slowdowns that could lead to interest rate cuts by the Federal Reserve. Federal Reserve officials are considering rate cuts, and traders are gearing up for the possibility. Treasury yields have slightly risen, and energy trading as well as currency trading saw slight drops or changes.
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