Asia-Pacific markets exhibited a mixed performance on Friday, following a decline in U.S. stocks overnight, as Nvidia shares experienced a significant drop despite surpassing quarterly earnings expectations. Japan’s Nikkei 225 increased by 0.16%, concluding at 58,8850.27, whereas the Topix experienced a rise of 1.5%, finishing at 3,938.68. The benchmark Japanese index reached 59,000 for the first time on Thursday, subsequently moderating its gains somewhat.

South Korea’s Kospi experienced a decline of 1%, concluding the day at 6,244.13, while the small-cap Kosdaq saw an increase of 0.39%, finishing at 1,192.78. The Hong Kong Hang Seng index experienced an increase of 1% during its final trading hour, whereas the mainland China’s CSI 300 saw a decline of 0.34%, settling at 4,710.65. Australia’s S&P/ASX 200 experienced an increase of 0.25%, reaching a level of 9,198.6. Asian technology equities experienced a downturn. SK Hynix, a significant provider of high-bandwidth memory to Nvidia, experienced a decline of 3.46%. Samsung Electronics, a long-standing collaborator of Nvidia, experienced a decline of 0.69%.

SoftBank Group, a significant player in AI investments, experienced a decline of over 2.6%. Overnight in the U.S., the S&P 500 experienced a decline as the recent results from tech titan Nvidia and software giant Salesforce did not provide the anticipated uplift to the broader market. The broad market index experienced a decline of 0.54%, concluding at 6,908.86, whereas the Nasdaq Composite saw a more pronounced drop of 1.18%, finishing at 22,878.38. The Dow Jones Industrial Average increased by 17.05 points, representing a change of 0.03%, concluding at 49,499.20.

Nvidia shares experienced a decline of over 5%, despite the chip giant reporting a fourth-quarter earnings and revenue surpassing expectations. The equity experienced its most significant decline since April. Other semiconductor equities, including Broadcom, Lam Research, Western Digital, and Applied Materials, also experienced declines.