Most Asian stocks fell on Friday following a setback on Wall Street triggered by a drop in Nvidia shares. Japan’s Nikkei 225 closed almost unchanged after a slight increase in the inflation rate was reported. Australia’s S&P/ASX 200 rose slightly, while South Korea’s Kospi and the Hang Seng in Hong Kong both fell. On Wall Street, the S&P 500 and the Nasdaq Composite dropped from their record highs, while the Dow Jones Industrial Average saw a slight gain. Nvidia experienced a 3.5% loss after an eight-week winning streak, potentially jeopardizing its recent success. Meanwhile, Accenture, a consulting company, rose despite weaker-than-expected earnings, fueling optimism around artificial intelligence. The bond market saw mixed reports on the economy, leading to speculation about potential interest rate cuts by the Federal Reserve. In energy trading, benchmark U.S. crude and Brent crude both declined, while in currency trading, the US dollar remained stable against the Japanese yen and fell slightly against the euro.
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Asian Shares Mostly Decline as Nvidia’s Performance Drags Down Wall Street
