Asian markets show mixed moves as Wall Street dips and AI earnings surge

Wall Street posted small losses on Thursday, prompting mixed reactions across Asian exchanges. One outlet 225 fell 0.2% to 66,162.72, the Hang Seng dropped 0.4% to 25,548.83, while the Kospi climbed 1.5% to 6,909.81 and Taiwan’s Taiex rose 0.5%. SoftBank Group edged up 0.1% and Samsung Electronics gained 2% after Nvidia announced quarterly revenue that more than doubled year-over-year, underscoring robust AI chip demand.

Meta Platforms’ stock rose 1.1% following a settlement agreement of up to $18 billion and new child-safety measures. China reported a slowdown in July industrial profits to 11.2% from 15.1% in June, and Brent crude slipped 0.5% to $86.49 per barrel. U.S. inflation data showed a 3.7% rate, slightly above expectations, while the yen weakened to 159.38 per dollar.