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 as they had already risen earlier in anticipation. In after-hours trading, Nvidia's shares lost 2.5%. Japan's benchmark Nikkei 225 shed 0.9% to 38,025.66, as shares in semiconductor equipment maker Advantest Corp. dropped 2.6%. Chip maker Tokyo Electron shed 0.5%. Australia's S&P/ASX 200 slipped less than 0.1% to 8,323.00. South Korea's Kospi rose 0.5% to 2,493.73. Hong Kong's Hang Seng dipped 0.2% to 19,667.42, while the Shanghai Composite rose less than 0.1% to 3,368.80. 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. “This push to integrate AI into every corner of the corporate world risks backfiring when the technology is forc
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