Asia markets trade mixed, breaking ranks from Wall Street rally
Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia.
Lisa Maree Williams | Getty Images News | Getty Images
Asia Pacific markets traded mixed, breaking ranks from Wall Street’s tech-fuelled rally.
The rally followed Amazon shares rising 4% on a $38 billion deal with OpenAI, a move that will use hundreds of thousands of Nvidia’s graphics processing units. Nvidia also gained about 2% after it secured export licenses to ship its chips to the United Arab Emirates.
Australia’s S&P/ASX 200 fell 0.7% as investors awaited the Reserve Bank of Australia’s policy decision.
Japan’s Nikkei 225 was 0.25% higher, and the Topix added 0.52%. South Korea’s Kospi fell 1.29% while the small-cap Kosdaq climbed 0.24%%.
Hong Kong’s Hang Seng index edged 0.23% higher, while mainland’s CSI 300 was flat.
Overnight in the U.S., the tech-heavy Nasdaq advanced 0.46%, while the S&P 500 traded up 0.17%. The Dow Jones Industrial Average lagged, falling 0.48%.
— CNBC’s Sean Conlon and Fred Imbert contributed to this report.
