Business · Markets · 2 hrs ago

Asian Markets Open Mixed as Investors Weigh US Tech Results

Asian Markets Open Mixed as Investors Weigh US Tech Results

Asian markets opened mixed on Thursday as investors weighed US technology company results and the outlook for artificial intelligence investment.

South Korea’s Kospi fell 0.67%, Japan’s Nikkei 225 rose 0.19%, and Australia’s S&P/ASX 200 was flat.

Meta reported revenue above expectations and gave a strong forecast, and its shares rose 2% in after-hours trading.

Tesla also beat analysts’ expectations for third-quarter revenue and profit, but its shares fell 3% after hours.

The different share reactions show investors are judging companies beyond headline results, including how their AI investments may affect their businesses.

Nvidia said it plans to expand manufacturing capacity with supply-chain partners to meet demand for computing and AI factory systems.

Investors next turn to US company results and jobless claims, due Thursday, for clues about business performance and the labour market.

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