Stocks remain stable on Wall Street as companies report earnings.

Manila, Philippines, August 28, 2025 – Global markets exhibited mixed trends on Thursday following a modest upswing on Wall Street. The S&P 500 reached yet another all-time high amidst rising anticipation for Nvidia’s upcoming earnings report. Futures for the S&P 500 showed a minor increase of 0.1%, with the Dow Jones Industrial Average also edging up by 0.3%. Simultaneously, oil prices experienced a decline.

In the early stages of European trading, Germany’s DAX saw a 0.4% rise to 24,144.65, while the FTSE 100 in Britain dipped by 0.2% to 9,240.75. Conversely, the CAC 40 in Paris made significant gains, climbing 1.1% to 7,825.28.

Focusing on China, shares in computer chipmaker Cambricon Technologies surged by 15.7% to 1,587.91 yuan, automatically becoming the most expensive stock on Shanghai’s exchange, surpassing Kweichou Moutai’s stock, which dropped to 1,446 yuan per share. The remarkable increase in Cambricon’s stock prices followed a substantial expansion in revenue and profit during the first half of the year, supported by the Chinese government’s initiatives to bolster domestic semiconductor manufacturers. The Shanghai Composite index rallied by 1.1%, maintaining its position near its highest levels in nearly a decade, driven by significant institutional investor activity.

Conversely, in Hong Kong, the Hang Seng index experienced a decline of 0.8% to 24,998.82, primarily led by technology companies such as Meituan, which observed a 10.3% dip in shares, and JD.com, which also fell by 5%. The downturn in these companies’ performance can be attributed to decreasing demand as Chinese consumers are cutting back on spending.

Moving to Japan, the Nikkei 225 index witnessed a rise of 0.7% to 42,828.79, despite ongoing trade frictions with Washington regarding a preliminary trade agreement that remains unsettled. Furthermore, South Korea’s Kospi advanced by 0.3% to 3,196.32 after the Bank of Korea decided to maintain its policy rate unchanged for the second consecutive review.

Meanwhile, Australia’s S&P/ASX 200 edged up by 0.2% to 8,980.00, while India’s BSE Sensex experienced a 0.9% decline upon reopening after a public holiday, following the imposition of higher U.S. tariffs on the country’s exports. Taiwan’s TAIEX declined by 1.2%.

On the previous day, the S&P 500 witnessed a 0.2% rise, surpassing the record high set two weeks earlier to close at 6,481.40. The Dow Jones industrial average and the Nasdaq composite also reported gains of 0.3% and 0.2%, respectively.

Following the market closure, Nvidia disclosed quarterly results that exceeded analysts’ forecasts in earnings and revenue. However, the company noted that sales of its artificial intelligence chipsets had risen at a slower pace than anticipated. Consequently, the stock price fell by 3.2% in after-hours trading, having already dipped by 0.1% during the regular trading session.

The market considers Nvidia a crucial indicator of the artificial intelligence industry’s strength due to the company’s significant role in manufacturing chips that power the technology. Its substantial influence and heavy weighting have made Nvidia a key barometer for gauging the broader market’s performance.

As the day progressed, U.S. benchmark crude prices dropped by 48 cents to $63.67 per barrel, with Brent crude, the international standard, also experiencing a 47-cent decline to $66.97 per barrel. In the currency markets, the dollar weakened slightly against the Japanese yen, falling to 147.24 yen from 147.40 yen, while the euro ticked slightly higher to $1.1639 from $1.1640.