Asian shares are mixed after Wall Street decline led by falling tech stocks

Find Insider Deals for items perfect around the house and on the goCurrency traders watch monitors near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Aug. 8, 2024. – Asian shares were mixed Thursday after declines on Wall Street, as the gyrations that recently slammed global markets haunted investors.

Some semiconductor equipment makers and related companies saw further losses. Advantest Corp. dropped 3.2% and Disco Corp. sank 4%. But Lasertec Corp.'s stock jumped 22.6% after it reported a 28% jump in its net profit for the fiscal year that ended June 30.Although Wall Street slumped on Wednesday, the decline wasn’t as bad as the manic moves that wracked worldwide markets earlier in the week. European markets logged strong gains.

On Wednesday, the S&P 500 slipped 0.8% after an earlier jump of 1.7% petered out, closing at 5,199.50. The Dow fell 0.6% to 38,763.45. The Nasdaq composite dropped 1% to 16,195.81.Nvidia, one of Wall Street’s most influential companies, went from a morning gain of 4.4% to a loss of 5.1% that made it the index’s heaviest weight. Nvidia and other Big Tech stocks have been struggling on worries their prices have shot too high amid Wall Street’s frenzy around artificial-intelligence technology.

Strong earnings reports from the biggest U.S. companies continue to roll in, and the growth for those in the S&P 500 index may end up being the best since 2021, according to FactSet.

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Asian shares are mixed after Wall Street decline led by falling tech stocksAsian shares are mixed after another tumble on Wall Street.
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Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixedAsian stocks fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting
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Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixedAsian stocks are lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite edged down 0.1%.
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Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
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Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportAsian stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
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