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Asian shares mostly slip as market focus turns from Nvidia to US economy

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Nvidia Nouvelles

White House,Shanghai Composite

TOKYO (AP) — Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after Nvidia reported its financial results.

Nvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday.

The White House statement said both sides would keep lines of communication open. Worries are growing lately about tensions over Taiwan. Wall Street and the Fed are trying to gauge the resiliency of U.S. consumers amid the squeeze from inflation and high borrowing rates. The central bank is expected to begin trimming its benchmark interest rate back from a two-decade high at its next meeting in September.

Treasury yields were mixed in the bond market. The yield on the 10-year Treasury rose to 3.84% from 3.83% on Tuesday.

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