Asian shares were mostly lower on Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Japan’s benchmark Nikkei 225 edged up 0.2% in afternoon trading to 38,352.07. Toyota stock jumped 3.7% after Japanese media reported Japan’s top automaker was going to announce a cooperative agreement on fuel cells with European automaker BMW.
Fuel cell vehicles are ecological, running on electricity produced when hydrogen and oxygen combine to form water. Toyota Motor Corp., often criticized as falling behind the global push in electric vehicles, is a longtime proponent of fuel cells. Australia’s S&P/ASX 200 was little changed, inching up less than 0.1% to 8,071.40. South Korea’s Kospi declined 0.2% to 2,684.41.
