Nifty 50, Nikkei 225, Kospi

Shares of SoftBank Group fell as much as 10% on Wednesday after the company said it sold its entire stake in the US chipmaker. Nvidia For $5.83 billion, as the Japanese giant looks to benefit from its assets “All in” Bet on ChatGPT maker OpenAI.

In its earnings report, SoftBank He said It sold 32.1 million shares of Nvidia stock in October, and also trimmed its position in T-Mobile, raising $9.17 billion.

Most Asia-Pacific markets rose on Wednesday, after Wall Street traded mixed on hopes the record-breaking US government shutdown was coming to an end and artificial intelligence trading faltered.

Japan standard Nikki 225 The Topix index fell 0.26%, while the Topix index added 0.35%. South Korea’s Kospi was flat, while the Kosdaq small-cap index added 0.62%.

Australia Standard & Poor’s/ASX 200 It rose by 0.13%.

Hong Kong Hang Seng Index It added 0.25%, while the mainland CSI 300 was flat.

Investors will be watching closely Softbank Stocks as well as technology stocks in Asia after the Japanese giant announced on Tuesday that it had sold its entire stake in the American chipmaker Nvidia For $5.83 billion, as it looks to benefit from its resources “All in” Bet on ChatGPT maker OpenAI.

Overnight in the US, the three major averages closed mixed. the Dow Jones Industrial Average It rose to a new record closing high on Tuesday, instead Nasdaq Composite Stocks have suffered as investors move money away from technology stocks and into other parts of the market that are trading at lower valuations.

The 30-stock Dow Jones Index rose 559.33 points, or 1.18%, to close at 47,927.96, with Wall Street investors buying shares of several blue-chip names, including health care giants. Merck, Amgen and Johnson & Johnson. the Standard & Poor’s 500 It also rose by 0.21% to close at 6,846.61. However, the tech-heavy Nasdaq lost 0.25% to settle at 23,468.30.

— CNBC’s Sean Conlon and Pia Singh contributed to this report.