Asian shares ended mixed on Thursday after modest gains on Wall Street lifted the S&P 500 to another all-time high ahead of computer chipmaker Nvidia’s highly anticipated earnings report.

In Hong Kong, the benchmark Hang Seng Index ended 202 points, or 0.81 percent, down at 24,998 on Thursday.

The losses were led technology companies like food delivery company Meituan.

Its shares dropped 11.5 percent, while e-commerce giant JD.com declined 4 percent. Such companies have seen demand sag as Chinese consumers cut back on spending.

On the mainland, the benchmark Shanghai Composite Index ended up 1.14 percent to 3,843 while the Shenzhen Component Index closed 2.25 percent higher at 12,571.

The combined turnover of these two indexes stood at 2.97 trillion yuan, down from 3.17 trillion yuan on Wednesday.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.82 percent to close at 2,827.

Chip stocks rose sharply, while stocks in the semiconductor and copper foil sectors also led the gains. Stocks related to agriculture, costumes and liquor suffered major losses.

Shares in computer chip maker Cambricon Technologies soared 15.7 percent to 1,587.91 yuan, becoming the priciest stock on Shanghai's exchange as it surpassed Kweichou Moutai, which slipped to 1,446 yuan a share.

Cambricon's shares jumped after it reported its revenue and profit expanded many fold in the first half, helped by the Chinese government's support for domestic semiconductor makers

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.82 percent to close at 2,827. (AP/Xinhua)