Asia-Pacific markets opened mixed following US stock declines
Nvidia shares fell over 5% despite quarterly earnings beat
S&P 500 dropped 0.54% and Nasdaq declined 1.18% overnight
Japan's Nikkei hit 59,000 milestone before paring gains
Other chip stocks also slid amid broader tech sector weakness
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Asia-Pacific markets opened mixed on Friday following a decline in US stocks overnight, as Nvidia shares tumbled despite a quarterly earnings beat, with Japan's Nikkei 225 falling 0.6%, South Korea's Kospi declining 1.1%, and Australia's S&P/ASX 200 remaining flat in early trade. In Japan, the benchmark Nikkei index had hit 59,000 for the first time on Thursday before paring gains slightly, while the Topix traded flat. South Korea's Kosdaq small-cap index was down 0.35%. Hong Kong Hang Seng index futures last traded at 26,391, compared with HSI's last close of 26,381.02. The mixed performance across Asia-Pacific markets reflected cautious sentiment as investors digested the overnight developments from US markets. Overnight in the US, the S&P 500 pulled back 0.54% to end at 6,908.86, while the Nasdaq Composite declined 1.18% and closed at 22,878.38. The Dow Jones Industrial Average showed slight resilience, adding 17.05 points, or 0.03%, to settle at 49,499.20. The broad market weakness was attributed to disappointing results from tech titan Nvidia and software giant Salesforce, which failed to boost investor confidence despite Nvidia's quarterly earnings and revenue beat. Nvidia shares fell more than 5%, suffering their worst day since April, despite the chip giant's better-than-expected fourth-quarter performance. The decline spread to other chip stocks, with Broadcom, Lam Research, Western Digital, and Applied Materials also sliding. This tech sector weakness overshadowed the positive earnings news and contributed to the broader market pullback, leaving investors questioning the sustainability of recent market gains.
# Stock Market
A **stock market**, also referred to as an **equity market** or **share market**, is the complex aggregation of buyers and sellers of stocks (shares). These financial instruments represent ownership claims on businesses and serve as a primary vehicle for capital allocation and corpor...
Nvidia Corporation ( en-VID-ee-ə) is an American technology company headquartered in Santa Clara, California. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, it develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for...
Degree of variation of a trading price series over time
In finance, volatility (usually denoted by "σ") is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns.
Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derive...
In this article NVDA ORCL CRM Follow your favorite stocks CREATE FREE ACCOUNT Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets traded mixed Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat. Japan's Nikkei 225 slid 0.6%, while the Topix traded flat. The benchmark Japanese index hit 59,000 for the first time on Thursday before paring gains slightly. South Korea's Kospi declined 1.1%, while the small-cap Kosdaq was down 0.35%. Hong Kong Hang Seng index futures last traded at 26,391, compared with HSI's last close of 26,381.02. Australia's S&P/ASX 200 was flat in early trade. Overnight in the U.S., the S&P 500 pulled back after the latest results from tech titan Nvidia and software giant Salesforce failed to boost the broader market. The broad market index fell 0.54% to end at 6,908.86, while the Nasdaq Composite declined 1.18% and closed at 22,878.38. The Dow Jones Industrial Average added 17.05 points, or 0.03%, to settle at 49,499.20. Nvidia shares fell more than 5%, even after the chip giant posted a fourth-quarter earnings and revenue beat. The stock suffered its worst day since April. Other chip stocks such as Broadcom , Lam Research , Western Digital and Applied Materials also slid. —CNBC's Sean Conlon and Pia Singh contributed to this report. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcasts Careers Help Contact News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us Ad Choices Privacy Policy...
