Asian shares were mostly lower on Thursday after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed.
Nvidia again topped analysts' expectations, but technology shares in Tokyo declined due to the company's lower-than-hoped for profit forecasts. In after-hours trading, Nvidia's shares lost 2.5.
Japan's benchmark Nikkei 225 shed 0.9 in morning trading to 38,001.80, as shares in semiconductor equipment maker Advantest Corp. dropped 2.7. Chip maker Tokyo Electron shed 1.5.
Australia's SP/ASX 200 slipped nearly 0.2 to 8,313.50. South Korea's Kospi rose nearly 0.5 to 2,493.91. Hong Kong's Hang Seng dipped 0.2 to 19,662.49, while the Shanghai Composite lost 0.2 to 3,361.58.
Stephen Innes, managing partner at SPI Asset Management, noted the market reaction to Nvidia's results was muted, partly because of the positioning that happened before the release. Its long-term prospects remain complex, he added.
