Asian stocks traded mostly higher on Thursday, though tech shares were mixed after Nvidia reported strong earnings but flagged uncertainty around sales in China. The U.S. chipmaker’s shares fell on Wall Street, pressuring suppliers such as TSMC and Foxconn, while Japan’s Nikkei gained 0.5% with support from Mitsubishi and SoftBank.
Hong Kong’s Hang Seng Index dropped 1% as Meituan, Alibaba, JD.com, and Anta Sports fell sharply on disappointing earnings and persistent market speculation. In contrast, mainland Chinese markets outperformed, with the CSI 300 rising 1% to a multi-year high, driven by gains in AI chipmaker Cambricon.
Elsewhere, South Korea’s KOSPI rose 0.4% after the Bank of Korea kept policy steady, while Australia’s ASX was flat and Singapore edged higher. India’s Nifty 50 slid 0.8% to a two-week low after U.S. President Donald Trump’s 50% tariff on Indian goods took effect, heightening concerns over growth and trade ties.