Investing.com - Asian Pacific share markets opened with varied performance on Friday, following a mixed session on Wall Street.
By 11:00 am AEST (1:00 am GMT) the S&P/ASX 200 slipped 0.2%, while South Korea's KOSPI 200 rose 0.4% and Japan's Nikkei 225 fell 0.4%.
In the US, record-breaking performances by the NASDAQ Composite and the S&P 500 were driven by the artificial intelligence trade and Tesla, while the Dow Jones Industrial Average continued to stagger. This mixed result comes a day after the Federal Reserve indicated it is not in a rush to lower interest rates, even though recent Labor Department data shows easing inflation for consumers and producers.
Broadcom Inc (NASDAQ:AVGO), a chip and software producer, led the S&P 500 gainers, rising 12% to close at a record of $1,678.99. The company announced a 10-for-1 stock split next month, aiming to make its shares more affordable for investors and employees.
Other tech companies, such as NVIDIA Corporation (NASDAQ:NVDA) and Super Micro Computer Inc (NASDAQ:SMCI), also saw significant gains. Tesla Inc (NASDAQ:TSLA) shares rose by 2.9% after CEO Elon Musk revealed preliminary voting results show shareholders are currently backing his massive compensation package proposal.
In contrast, the Dow Jones Industrial Average fell 0.2%, marking its third consecutive daily decline. Treasury yields also declined for a third straight day, with the yield on the benchmark 10-year note slipping to 4.239%, down from 4.294% on Wednesday.
Chinese shares ended lower due to the decline in retail and property stocks. The benchmark Shanghai Composite Index closed 0.3% lower. Hong Kong shares rose, with the Hang Seng Index ending 1.0% higher. Japanese stocks ended lower, with the Nikkei Stock Average falling 0.4% to 38,720.47. Indian shares ended higher, with the benchmark Sensex index rising 0.3% to 76,810.90.
In Europe, shares closed lower, with the STOXX Europe 600 Index down 1.3% to 516.04, Germany's DAX dropped 2.0% to 18,265.68, and France's CAC 40 also dropped 2.0% to 7,708.02. Stocks in the U.K. slipped, with the FTSE 100 Index falling 0.6% to 8163.67