By Elaine Kurtenbach
Publication Date: 2026-02-27 06:00:00
BANGKOK (AP) — Shares were mixed Friday in Asia after the worst day for Nvidia’s stock since last spring dragged U.S. stocks lower.
U.S. futures fell as investors focused on comments by Block CEO Jack Dorsey on his company’s decision to lay off 40% of its workforce because of labor-saving artificial intelligence.
Tokyo’s Nikkei 225 edged 0.1% higher to 58,810.03.
In Hong Kong, the Hang Seng jumped 0.8% to 26,578.03, while the Shanghai Composite index slipped 0.3% to 4,139.53.
South Korea’s Kospi lost 0.6% to 6,288.40 as traders locked in profits from recent gains.
Australia’s S&P/ASX 200 was up 0.1% at 9,184.10, while India’s Sensex lost 0.4%.
The future for the S&P 500 lost 0.2% while that for the Dow Jones Industrial Average fell 0.4%.
On Thursday, the S&P 500 shed 0.5% to 6,908.86. The Dow added less than 0.1% to 49,499.20, and the Nasdaq composite sank 1.2% to 22,878.38.
A report showed that the number of U.S. workers applying for unemployment benefits ticked up last week, but not by any more than economists expected. It also remains relatively low compared with history.
Nvidia, whose chips are helping to power the AI boom, reported another stellar quarter of profit growth that breezed past analysts’ expectations. Its forecast for revenue in the current quarter again topped Wall Street estimates.
But such blowout performances have become so typical for Nvidia that they’re losing their oomph. Its stock sank 5.5% for its worst…
