Asian equities in tight range after Nvidia underwhelms
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Asian equities traded in a tight range at the open after earnings from Nvidia Corp. failed to rally the stock in after-market hours and new tariff announcements from President Donald Trump caused confusion. Shares in Australia rose while Japan was steady. Hong Kong equity index futures pointed to a lower open while contracts for the S&P 500 and Nasdaq 100 were little changed in early Asian trade. Nvidia shares swung between gains and losses in after-hours trading. The chipmaker at the center of an AI spending boom, delivered a good-but-not-great quarterly numbers, drawing a muted response from investors accustomed to blowout results. Treasuries were steady after rallying Wednesday to bring the US 10-year yield four basis points lower to 4.26%, a level not seen since the middle of December. A gauge of the dollar held its gain from Wednesday. Australian yields fell early Thursday. On Wednesday, Trump said that his administration would i...