Asian Markets Mixed After Wall Street Slips on US Data

Asian stocks were mixed Thursday following modest Wall Street losses, while oil prices declined. U.S. futures rose after Nvidia's quarterly earnings beat expectations on surging AI chip demand. Japan's Nikkei slipped 0.2%, while South Korea's Kospi gained 1.5%. Hong Kong's Hang Seng fell 0.4%, and China reported industrial profit growth slowed to 11.2% in July from 15.1% in June. The S&P 500 fell less than 0.1% Wednesday. Nvidia's revenue more than doubled year-over-year, seen as a bellwether for the AI industry amid bubble concerns. U.S. GDP grew 1.5% in Q2, with inflation at 3.7%, above the Fed's 2% target.