World shares are mixed after US stocks creep higher ahead of Nvidia
earnings report
[August 28, 2025] By
TERESA CEROJANO
MANILA, Philippines (AP) — World shares were mixed Thursday after modest
gains on Wall Street lifted the S&P 500 to another all-time high ahead
of computer chipmaker Nvidia’s highly anticipated earnings report.
The future for S&P 500 rose 0.1% while that for the Dow Jones Industrial
Average added 0.3%. Meanwhile, oil prices declined.
In early European trading, Germany's DAX climbed 0.4% to 24,144.65 while
Britain's FTSE 100 slipped 0.2% to 9,240.75. In Paris, the CAC 40 jumped
1.1% to 7,825.28.
In China, shares in computer chipmaker Cambricon Technologies soared
15.7% to 1,587.91 yuan ($222), becoming the priciest stock on Shanghai's
exchange as it surpassed Kweichou Moutai's stock, which slipped to 1,446
yuan ($202) a share. Cambricon's shares have jumped after it reported
its revenue and profit expanded many fold in the first half of the year,
helped by the Chinese government's support for domestic semiconductor
makers.
The Shanghai Composite index surged 1.1% to 3,843.60. It has been
trading near decade-high levels on heavy buying by institutional
investors.
Hong Kong's Hang Seng dropped 0.8% to 24,998.82, led by losses for
technology companies like food delivery company Meituan. Its shares
dropped 10.3% while e-commerce giant JD.com declined 5%. Such companies
have seen demand sag as Chinese consumers cut back on spending.
Japan's Nikkei 225 added 0.7% to 42,828.79. It has been trading near
record levels, despite friction with Washington over a preliminary trade
agreement that has yet to be finalized. Top trade envoy Ryohei Akazawa
abruptly postponed a trip to the U.S. capital planned for Thursday in
the latest sign of trouble over the deal setting tariffs on Japanese
exports at 15%, a policy that has yet to come into effect.
South Korea's Kospi climbed 0.3% to 3,196.32 after the Bank of Korea
kept its policy rate unchanged at 2.5% for the second review in a row.
Australia's S&P/ASX 200 edged 0.2% higher to 8,980.00. India's BSE
Sensex fell 0.9%, reopening following a public holiday after higher U.S.
tariffs on the country's exports took effect on Wednesday.
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A person walks in front of an electronic stock board showing Japan's
Nikkei index at a securities firm Tuesday, Aug. 26, 2025, in Tokyo.
(AP Photo/Eugene Hoshiko)
 Taiwan's TAIEX shed 1.2%.
On Wednesday, the S&P 500 rose 0.2%, nudging past the record high it
set two weeks ago to close at 6,481.40.
The Dow industrials rose 0.3% and the Nasdaq composite closed 0.2%
higher at 21,590.14.
Technology companies led the way higher, outweighing declines in
communication services and other sectors.
After the market closed, Nvidia's quarterly report showed its
earnings and revenue topped Wall Street analysts' forecasts, though
the company noted that sales of its artificial intelligence chipsets
rose at a slower pace than analysts anticipated. The stock fell 3.2%
in after-hours trading after having slipped 0.1% during the regular
session.
Investors consider Nvidia a barometer for the strength of the boom
in artificial intelligence because the company makes most of the
chips that power the technology. Its heavy weighting also gives
Nvidia outsized influence as a bellwether for the broader market.
In other dealings early Thursday, U.S. benchmark crude dropped 48
cents to $63.67 per barrel. Brent crude, the international standard,
declined 47 cents to $66.97 per barrel.
The dollar fell to 147.24 Japanese yen, down from 147.40 yen. The
euro rose to $1.1639 from $1.1640.
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