Asian stock markets are trading mixed on Friday, with expectations for a rate cut and positive earnings news from Nvidia. The Australian stock market is trading modestly lower, with the S&P/ASX 200 down 0.19 percent. Major miners and tech stocks are making moves, while shares in Nextdc Ltd., Harvey Norman, and Austal are soaring after upbeat results. In Japan, the Nikkei 225 is falling 0.43 percent. Economic news shows consumer prices in Tokyo up 2.6 percent and unemployment rate at 2.3 percent. Industrial production is down 1.6 percent, and retail sales rose 0.3 percent in July. U.S. dollar is trading at 146 yen-range on Friday. Elsewhere in Asia, New Zealand, China, Hong Kong, Singapore, and Taiwan are higher, while South Korea, Malaysia, and Indonesia are lower. On Wall Street, major averages reached new highs, with the Nasdaq, S&P 500, and Dow all posting gains. European markets had a mixed performance, and crude oil prices rose on Thursday.

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