Asian markets mixed as chip rally lifts Seoul and Shenzhen

Asian markets were mixed on Thursday, with the MSCI Asia Pacific index rising up to 0.7% on strong chip earnings, while Tokyo fell 0.2% and Hong Kong dropped 0.3%. The Bloomberg index of Asian semiconductors posted its biggest gain in about a week, with Shenzhen up 1.58% and Seoul up 1.5%, driven by results from SK Hynix, Samsung Electronics, and TSMC. Nvidia's forecasts helped ease concerns about slowing AI spending. Investors now turn to the Jackson Hole Economic Symposium, where Kevin Warsh will deliver his first major speech as Federal Reserve chair.