Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased.
Wall Street's benchmark S&P 500 index advanced 0.3%, putting it on track for a weekly gain.
Inflation is "currently the main focal area for the markets," Fawad Razaqzada of ThinkMarkets said in a report. The Shanghai Composite Index rose 1.1% to 3,558.87 and the Nikkei 225 in Tokyo gained 0.5% to 29,745.87. The Hang Seng in Hong Kong sank 1.3% to 24,982.55.Indian markets were closed for a holiday. New Zealand, Singapore and Bangkok declined while Jakarta gained.
Nvidia Corp. jumped 8.3% after the maker of graphics chips for gaming and artificial intelligence reported strong results. Other chipmakers also gained ground. Advanced Micro Devices Inc. rose 2.4% and Micron Technology Inc. rose 2.1%.Two-thirds of companies in the S&P 500 fell. Gains by big technology companies and retailers offset losses in other sectors as investors sized up the latest corporate earnings.
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