Published • loading... • Updated
Asian stocks are mixed after Wall Street losses following economic updates
Nvidia’s stronger-than-expected results lifted U.S. futures as Asian markets traded unevenly and oil prices fell, with the company’s revenue more than doubling.
- Asian stocks were mixed on Thursday as investors weighed Nvidia's strong earnings, which boosted Wall Street futures after the tech company reported its May-July revenue more than doubled.
- Nvidia's results act as a bellwether for the chips industry, where massive investments have sparked concerns among investors over a potential bubble and companies' ability to justify rising costs.
- South Korea's Kospi rose 1.5% and The Shanghai Composite gained 0.6%, while Japan's Nikkei slipped 0.2%, Hong Kong's Hang Seng lost 0.4%, and Australia's ASX dropped 0.9%.
- Outside of earnings, Meta Platforms added 1.1% after agreeing to pay up to $18 billion to settle claims, while international Benchmark Brent crude lost 0.5% to $86.49 per barrel.
- Data showed economic growth at a 1.5% pace, while China reported that growth in industrial profits slowed to 11.2%, down from 15.1% in the prior period.
Insights by Ground AI
15 Articles
15 Articles
Asian stocks are mixed after Wall Street retreats following economic updates
Asian stocks are mixed after a retreat on Wall Street following the latest round of updates on U.S. inflation and economic growth. But U.S. futures were trading higher early Thursday, after Nvidia’s latest quarterly earnings beat Wall Street’s expectations as…
Coverage Details
Total News Sources15
Leaning Left9Leaning Right0Center6Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
Factuality
To view factuality data please Upgrade to Premium
