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

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Asian shares are mostly lower as market attention turns to upcoming data on the U.S. economy after Nvidia reported its financial results.

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Aug. 29, 2024, in Tokyo. – Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy afterNvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday.The results showed a strong profit, but Nvidia stock fell 2.1%, though it is up 153% for the year.

Investors are looking ahead to Friday, when the U.S. government releases its latest data on inflation with the PCE, or personal consumption and expenditures report, for July. Stocks on Wall Street closed lower, as a pullback in big technology companies outweighed gains elsewhere in the market. The S&P 500 fell 0.6%, weighed down by drops in Nvidia, Apple, Microsoft and Amazon.

 

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