Asian markets mixed after Wall Street dips on US data, Nvidia earnings

Asian stocks were mixed Thursday after Wall Street posted modest losses following U.S. inflation and growth data. Oil prices declined, while U.S. futures rose after Nvidia's quarterly earnings beat expectations on surging AI chip demand. Japan's Nikkei slipped 0.2%, South Korea's Kospi gained 1.5%, and Hong Kong's Hang Seng fell 0.4%. China reported industrial profit growth slowed to 11.2% in July from 15.1% in June. The U.S. economy grew at a 1.5% pace in the April-June quarter, with inflation at 3.7%, above the Fed's 2% target. Nvidia's revenue more than doubled year-over-year, seen as a bellwether for the AI industry amid bubble concerns. Meta added 1.1% after agreeing to pay up to $18 billion for child-safety measures. Brent crude fell to $86.49 per barrel.