Nifty 50, Nikkei 225, Kospi

SoftBank Group shares fell as much as 10 percent on Wednesday after the company said it was selling its entire stake in U.S. chip maker Nvidia for $5.83 billion. The Japanese giant is trying to capitalize on the “all-in” bet on ChatGPT maker OpenAI.

SoftBank said in its earnings report that it sold 32.1 million Nvidia shares in October and also reduced its T-Mobile position, raising $9.17 billion.

Asia-Pacific markets were mostly higher on Wednesday after Wall Street traded mixed on hopes that the record-breaking U.S. government shutdown could be nearing its end and AI trading could be disrupted.

Japan’s reference point Nikkei 225 While Topix increased by 0.35%, it decreased by 0.26%. While South Korea’s Kospi index remained flat, the small-cap Kosdaq gained 0.62%.

of Australia S&P/ASX 200 increased by 0.13%.

of hong kong Hang Seng Index It gained 0.25%, while the mainland’s CSI 300 index remained flat.

Investors will closely follow SoftBank shares as well as technology stocks in Asia after the Japanese giant announced on Tuesday that it sold all its shares in US chip maker Nvidia for $ 5.83 billion.

In the USA, the three main averages closed the night mixed. While the Dow Jones Industrial Average rose to a new closing record on Tuesday, the Nasdaq Composite struggled as investors shifted money from technology stocks to other parts of the market trading at lower valuations.

The 30-stock Dow index closed up 559.33 points, or 1.18%, at 47,927.96 as Wall Streeters bought shares of several blue-chip names, including healthcare giants Merck, Amgen and Johnson & Johnson. S&P 500 also increased by 0.21 percent and finished at 6,846.61 points. However, the tech-heavy Nasdaq lost 0.25% to 23,468.30 points.

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