Asian stocks are mixed after Wall Street losses following economic updates

Asian stocks were mixed following modest losses on Wall Street, partially due to Nvidia's earnings report confirming strong demand for advanced AI chips. While South Korea’s Kospi rose 1.5% and Taiwan’s Taiex index added 0.5%, Hong Kong’s Hang Seng fell 0.4%. Separately, the U.S. economy grew at a revised pace of 1.5%, but inflation was reported at 3.7%, remaining above the Federal Reserve's 2% goal.