Despite a record high on Wall Street, Asian shares were mostly lower on Wednesday as investors eagerly awaited Nvidia’s earnings report. The Nikkei 225 in Japan saw a slight increase, while Toyota stock surged after reports of a cooperative agreement on fuel cells with BMW. Fuel cell vehicles, which run on electricity generated from hydrogen and oxygen, are gaining traction.
Meanwhile, Australia’s S&P/ASX 200 and South Korea’s Kospi saw mixed results, with Hong Kong’s Hang Seng dipping slightly. The upcoming Nvidia earnings report is highly anticipated, reflecting the growing influence of big tech companies in the market.
Investors are also keeping an eye on the Federal Reserve’s interest rate decision and the upcoming U.S. inflation data. On Wall Street, major indices reached new highs, with the S&P 500 nearing a record level.
The U.S. consumer confidence index rose in August, signaling positive consumer spending trends. Overall, the markets showed resilience, with Treasury yields remaining steady and energy prices holding firm.
With various economic factors at play, the global financial landscape remains dynamic and ever-evolving.
AP Business Writers Damian J. Troise and Alex Veiga contributed.
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