Lujiazui Business Districk in Pudong, Shanghai, China.<\/p>\n
Liqun Liu | Construction Photography | Hulton Archive | Getty Images<\/p>\n
SoftBank Group shares fell as much as 10% Wednesday after the company said it sold its entire stake in U.S. chipmaker\u00a0Nvidia<\/a>\u00a0for $5.83 billion, as the Japanese giant looks to capitalize on its\u00a0“all in”<\/a>\u00a0bet on ChatGPT maker OpenAI.<\/p>\n In its earnings report, SoftBank said<\/a> it sold 32.1 million Nvidia shares in October, and also trimmed its T-Mobile position, raising $9.17 billion.<\/p>\n Asia-Pacific markets mostly rose Wednesday, after Wall Street traded mixed on hopes that the record-setting U.S. government shutdown could be nearing an end and AI trade stumbling.<\/p>\n Japan’s benchmark Nikkei 225<\/a> fell 0.26%, while the Topix added 0.35%. South Korea’s Kospi was flat, while the small-cap Kosdaq added 0.62%.<\/p>\n Australia’s S&P\/ASX 200<\/a> rose 0.13%.<\/p>\n Hong Kong’s Hang Seng Index<\/a> added 0.25%, while mainland’s CSI 300 was flat.<\/p>\n Investors will be keeping a close eye on SoftBank<\/a> shares as well as tech stocks in Asia after the Japanese giant said Tuesday it sold its entire stake in U.S. chipmaker\u00a0Nvidia<\/a>\u00a0for $5.83 billion, as it looks to capitalize on its\u00a0“all in”<\/a>\u00a0bet on ChatGPT maker OpenAI.<\/p>\n Overnight in the U.S., the three major averages closed mixed. The\u00a0Dow Jones Industrial Average<\/a>\u00a0rallied to a fresh closing record Tuesday, while the\u00a0Nasdaq Composite<\/a>\u00a0struggled as investors moved money away from technology stocks into other parts of the market that traded at lower valuations.<\/p>\n The 30-stock Dow rose 559.33 points, or 1.18%, to close at 47,927.96, with those on Wall Street buying up shares of various blue-chip names, including health care giants\u00a0Merck<\/a>,\u00a0Amgen<\/a>\u00a0and\u00a0Johnson & Johnson<\/a>. The\u00a0S&P 500<\/a>\u00a0also rose 0.21% to finish at 6,846.61. However, the tech-heavy Nasdaq lost 0.25% to settle at 23,468.30.<\/p>\n \u2014 CNBC’s Sean Conlon and Pia Singh contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Lujiazui Business Districk in Pudong, Shanghai, China. Liqun Liu | Construction Photography | Hulton Archive | Getty Images…\n","protected":false},"author":2,"featured_media":277541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1386,45,161,49,48,12918,100,12921,1369,126268,17267,12920,39597,772],"class_list":["post-277540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-breaking-news-markets","tag-business","tag-business-news","tag-ca","tag-canada","tag-hang-seng-index","tag-markets","tag-nikkei-225-index","tag-nvidia-corp","tag-orix-corp","tag-qatar","tag-sp-asx-200","tag-softbank-corp","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/277540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=277540"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/277540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/277541"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=277540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=277540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=277540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}