Asian shares post modest drop with focus on Nvidia

Asian equities struggled for direction at the open Wednesday as investors awaited Nvidia Corp.’s earnings for guidance on where the markets head next after a strong rally since April.

Shares edged up in Australia while gauges in Japan and South Korea were flat. Chips and the electronics sector were in focus with Nikon Corp. shares jumping 20% in Japan while Chinese artificial intelligence linchpin Cambricon Technologies Corp. swung to a record profit. US shares gained Tuesday, led by Nvidia before the tech giant’s hotly-anticipated earnings that are scheduled to report after the bell on Wednesday.