Global Markets Waver Amid Anticipation of Nvidia's Earnings Report

Asian shares mostly dipped Wednesday despite Wall Street's record highs as investors anticipate Nvidia's earnings report. Japan's Nikkei 225 slightly rose, and Toyota jumped on fuel cell agreement news. U.S. stocks also showed slight gains, with all attention on Nvidia's influence and potential Federal Reserve rate cuts.

Asian shares were mostly lower Wednesday, despite Wall Street achieving a record high, as investors awaited Nvidia's closely watched earnings report.

Japan's Nikkei 225 edged up 0.2% in afternoon trading to 38,352.07, while Toyota stock jumped 3.7% after reports of a fuel cell agreement with BMW. Fuel cell vehicles are ecological, relying on electricity produced from hydrogen and oxygen to form water. Nikkei reported the partnership announcement is expected next week.

On Wall Street, the Dow Jones Industrial Average rose 9 points, marking its second all-time high in two days and continuing its eight-day winning streak. The S&P 500 and Nasdaq composite each finished 0.2% higher. Attention remains on Nvidia's earnings report and the Federal Reserve's potential interest rate cuts.

(With inputs from agencies.)