Asian shares saw mixed results following a decline on Wall Street driven by a drop in Nvidia stock. Japan’s Nikkei 225 ended nearly unchanged after a slight increase in inflation. Australia’s S&P/ASX 200 rose, while South Korea’s Kospi and Hong Kong’s Hang Seng fell. Thursday saw the S&P 500 and Nasdaq composite retreat, while the Dow Jones Industrial Average rose. Nvidia’s stock decline interrupted a winning streak, affecting market dynamics.
Despite concerns about a potential market bubble, the rise of AI-related companies like Nvidia has sustained market growth. Accenture’s success in AI technology showcased its potential for revenue growth. Mixed economic reports in the US have influenced Treasury yields, potentially leading to a Federal Reserve rate cut. Energy trading and currency exchange rates remained relatively stable.
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