Asian Shares Mixed as China, Hong Kong Fall on Earnings; Seoul Surges 3.3%

Asian stocks ended mixed on Wednesday, with Chinese and Hong Kong markets declining on earnings concerns while other regional markets rose amid reports of progress toward renewed U.S.-Iran negotiations. China's Shanghai Composite fell 0.60% to 3,713.03 after CATL posted third-quarter results below expectations, sending shares of the battery giant down 12%. Hong Kong's Hang Seng dropped 0.90% to 23,651.87. South Korea's Kospi rallied 3.29% to 5,735.66, led by Samsung Electronics and SK Hynix, up 5.7% and 5.8% respectively, following strong earnings from U.S. AI server maker Super Micro Computer. Japan's Nikkei rose 0.85% to 64,621.24 as exports grew 16.7% year-on-year in September, below the 20.1% forecast. Australia's S&P/ASX 200 added 0.16% to 8,831.30, and New Zealand's S&P/NZX-50 gained 0.95% to 13,761.29. Gold held near $4,121 an ounce, Brent crude rose about 1% toward $110 a barrel, and the dollar traded near a three-week low.