Asian markets live: Nvidia results, Adani accusations

Asia-Pacific markets mostly fell on Thursday as investors eyed the region’s tech stocks after the chipmaker. Nvidia reported better than expected results.

Nvidia reported a 94% increase in third-quarter revenue to $35.08 billion. However, this is still a consecutive slowdown from the previous three quarters, when sales increased 122%, 262% and 265%, respectively.

Net income for the quarter was $19.3 billion, compared to $9.24 billion for the same period a year ago.

All eyes are on Indian stocks linked to billionaire Gautam Adani, after the chairman of India’s Adani Group was indicted along with others in New York federal court on charges related to a massive corruption and fraud scheme .

from Japan Nikkei 225 fell 0.67% and the broad-based Topix slipped 0.22%. Semiconductor equipment supplier Avantest was the biggest loser on the Nikkei, falling more than 3%. The company revealed its relationship with Nvidia in 2023.

South Korea Kospi was the only outlier in the region, up 0.25%, while small-cap Kosdaq fell 0.46%. Nvidia supplier SK Hynix traded 0.41% higher, while heavyweight Samsung Electronics gained 0.54%.

Australia S&P/ASX200 traded near the flat line.

Hong Kong’s Hang Seng Index fell 0.31%, while mainland China’s CSI300 fell 0.14%.

In the United States, the S&P 500 Index ended flat on Wednesday, with Nvidia shares losing nearly 1% ahead of the company’s highly anticipated earnings release. Investors also weighed in on Target’s disappointing results.

The tech-heavy Nasdaq Composite index lost 0.11%, while the broad index closed little changed at 5,917.11. The Dow Jones Industrial Average was a bright spot, gaining 0.32%.

— CNBC’s Samantha Subin and Brian Evans contributed to this report.

Correction: An earlier version of this story was updated to reflect the Hang Seng closing correctly on Wednesday.