Asian shares fall after Wall Street rally fades on strong earnings

Asian shares and U.S. futures fell Thursday after Wall Street rallied on strong earnings from SpaceX, Capital One Financial, and other major companies. Tokyo's Nikkei 225 dropped 1.6%, led by losses in tech stocks like SoftBank Group, while South Korea's Kospi fell 2.6% on declines in memory chipmakers. Hong Kong's Hang Seng shed 2.7%, with AI stocks pressured by concerns that rising borrowing costs could slow data center construction. The U.S. market rose Wednesday, with the S&P 500 adding 0.6% and Nasdaq climbing 1.1%. SpaceX surged 7.8% on better-than-expected profits, while Tesla gained 3.4%. Netflix fell 5.3% despite strong earnings, and the 10-year Treasury yield held at 5.12%.