Asian shares showed mixed performances on Wednesday, despite Wall Street hitting a record high, as investors awaited Nvidia’s earnings report. The Nikkei 225 in Japan fell by almost 0.3%, while Toyota’s stock surged over 3% following reports of a potential collaboration with BMW on fuel cells, which are environmentally friendly vehicles running on hydrogen and oxygen. Australia’s S&P/ASX 200 declined by 0.6%, and South Korea’s Kospi dropped by 0.5%. Meanwhile, Hong Kong’s Hang Seng slipped by 0.8% and China’s Shanghai Composite decreased by 0.3%.

Investors are closely monitoring Nvidia’s earnings report as the company’s market value has exceeded $3 trillion, with a 159% increase in its shares this year. The Federal Reserve’s upcoming interest rate decision in September and the release of the U.S. government’s inflation data on Friday are also top concerns for investors. On Wall Street, the Dow Jones Industrial Average and the S&P 500 reached all-time highs, with the S&P 500 coming within 0.8% of its previous record. The Nasdaq composite also finished higher. Additionally, the Consumer Confidence Index in the U.S. rose in August, indicating a positive outlook on economic activity.

In the bond market, Treasury yields remained stable, while benchmark U.S. crude and Brent crude oil prices increased. The U.S. dollar strengthened against the Japanese yen but declined against the euro. Investors are eagerly awaiting the outcome of various economic indicators and corporate earnings reports to gauge market trends in the upcoming days.