Asian stock markets are mixed

Nvidia, the world's largest company by market capitalization, is expected to release its financial results today. Ahead of the earnings report, the appreciation in Asian technology stocks is noteworthy.

Shares of China-based Cambricon, a leading artificial intelligence company, rose 5.8 percent, while Nikon Corporation shares in Japan rose over 20 percent. Aoi Electronics and Satori Electric shares rose 1 percent and 0.2 percent, respectively.

Stock and sector-based volatility is expected to increase after chipmaker Nvidia announces its earnings.

Meanwhile, US President Donald Trump's decision to increase tariffs on goods from India to 50% has gone into effect. Trump signed the executive order on August 6, imposing an additional 25% tariff on India in response to its continued oil purchases from Russia. With markets closed in India today, the impact of this decision on the stock market cannot yet be monitored.

According to data released today from the region, China's industrial profits fell 1.5 percent year-over-year in July. Industrial profits fell 4.3 percent in June.

With these developments, the Nikkei 225 index in Japan closed up 0.20 percent at 42,480.50 points and the Kospi index in South Korea closed up 0.25 percent at 3,187.16 points.

Currently, the Shanghai Composite Index in China is down 1 percent at 3,831 points, and the Hang Seng Index in Hong Kong is down 1.1 percent at 25,242 points.