Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
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 S&P/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. “The bigger question remains: where exactly is the bar for Nvidia now?” Innes said in a commentary. “This push to integrate AI into every corner of the corporate world risks
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