Asian shares are mixed after stocks add a bit to their records on Wall Street

MANILA Philippines AP Asian shares were mixed on Friday as investors awaited a key U S inflation record and after gains in device stocks on Wall Street helped propel the arena to another all-time high U S futures and oil prices slipped In Tokyo the Nikkei fell to after a slew of details published Friday proved Japan s factory output slumped in July as higher tariffs hit on exports to the United States Inflation in Tokyo also slowed to year-on-year while the jobless rate fell to in July from in June The present day s Japanese details was mixed with disappointing industrial production threatening third-quarter upsurge while a tight labor field points to increased wages and underlying inflation remaining firm ING Economics disclosed in a commentary We still think October is the bulk likely timing for a Bank of Japan rate hike In Chinese markets Hong Kong s Hang Seng index rose to while the Shanghai Composite index added to Shares in computer chipmaker Cambricon Technologies shed gains on Friday after soaring to yuan a day earlier becoming the priciest stock on Shanghai s exchange Hyper-growth in China s tech landscape is starting to feel like a zero-sum cage fight rather than a clean runway Even Cambricon s AI chip story this week s darling is now flashing red lights warning of trading risks after an skid Stephen Innes of SPI Asset Management noted in a commentary South Korea s KOSPI shed to while Australia s S P ASX edged lower to Taiwan s TAIEX was up while India s BSE Sensex fell less than On Thursday the S P rose lifting the benchmark index to its second record high in a row The Dow Jones Industrial Average reversed an early slide and gained enough to move past its record high set last Friday The Nasdaq composite closed higher finishing just short of its all-time high set two weeks ago Gains in the apparatus and communication services sectors offset losses elsewhere in the sector Tech giant Nvidia fell a day after reporting quarterly earnings and revenue that beat Wall Street analysts forecasts though the company noted that sales of its artificial intelligence chipsets rose at a slower pace than analysts anticipated Traders also had their eye on new cabinet reports on the job territory and commercial sector The Labor Department broadcasted that applications for unemployment benefits fell last week the latest sign that employers are holding onto their workers even as the business activity has slowed The preponderance latest executive evidence suggests hiring has slowed sharply since this spring Meanwhile the Commerce Department informed that U S gross domestic product - the nation s output of goods and services grew at a annual pace in the April-June quarter after shrinking in the first three months of this year due to the fallout from the Trump administration s bargain wars Still the sluggishness in the job industry is a key reason that Federal Reserve Chair Jerome Powell signaled last week that the central bank may cut its key interest rate at its meeting next month Friday will bring another update on inflation the U S personal consumption expenditures index Economists expect it to show that inflation remained at about in July compared with a year ago Businesses have been warning investors and consumers about higher costs and prices because of tariffs In other dealings on Friday U S benchmark crude lost cents to per barrel Brent crude the international standard slid cents to per barrel The U S dollar rose to Japanese yen from yen The euro fell to from AP Business Writer Alex Veiga contributed Source