05:47 AM EST, 02/27/2025 (MT Newswires) -- Asian stock markets churned Thursday as traders weighed trade tensions but also a strong Q1 growth forecast, delivered overnight, from the US-based chip-making colossus Nvidia (NVDA).

Shanghai and Tokyo finished in the green, although Hong Kong lagged. Other regional exchanges were also uneven.

In Japan, the Nikkei 225 opened evenly and staged an afternoon rally, finishing up 0.3% as traders bought into tech issues after the Nvidia earnings release.

The benchmark Nikkei 225 rose 113.80 to 38,256.17, as gaining issues outnumbered losers 175 to 48.

Leading the upside was chip-designer Socionext, up 12.7%, while retailer Seven & i fell 11%. Shares in the operator of a vast chain of 7-11 brand stores declined after a management-buyout plan faltered.

In Hong Kong, the Hang Seng Index opened evenly, waffled and finished off 0.3%, and tech-sector weakness after recent rallies.

The broad gauge Hang Seng fell 69.64 to 23,718.29, although gaining issues outnumbered losers 51 to 28. The Hang Seng TECH Index lost 1.2% on the day, while the Mainland Properties Index rose 2%.

Leading the upside was hot-pot dining chain Haidilao, gaining 6.7%, while smartphone-maker Xiaomi declined 5.7%.

On the mainland, the Shanghai Composite rose 0.2% to 3,388.06.

In economic news, traders are awaiting mainland China's annual National People's Congress meet next week in Beijing, where the nation's economic growth targets, fiscal deficit and other goals will be set, reported the South China Morning Post.

On the other regional exchanges, the S. Korean KOSPI fell 0.8%; the Taiwan TWSE declined 1.5%; the Australian ASX 200 inclined 0.3%; the Singapore Straits Times Index rose 0.3%, and the Thai Set declined 1.2%. In late trading in Mumbai, the Sensex was steady.