BackStock market: weak Asia, Nvidia effect on technology

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ANSA Economia16 minutes agoBusiness1 min readItalyView original

Stock market: weak Asia, Nvidia effect on technology

Asian bags nvidia jensen huang

Quick Look

The session was down for Asian stock markets, affected by Nvidia's difficulties after the scandal involving CEO Jensen Huang and the 10% drop in shares on the Nasdaq.
Tokyo, Hong Kong, Shenzhen, Shanghai and Taiwan closed in negative territory.

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Why It Matters

Nvidia is looking for a successor after a scandal involving CEO Jensen Huang.

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Session down for Asian stock markets which were affected by Nvidia's difficulties. the AI giant is looking for a successor after the scandal involving CEO Jensen Huang and yesterday the stock on the Nasdaq lost 10%.

Today Wall Street futures are weak while European ones show a slight growth while the euro weakens further against the dollar with an exchange rate of 1.1. Oil is in little trouble with Brent at 93 dollars a barrel (+0.3%) in the absence of news on Iran.

Tokyo closed weak (-0.7%) and Hong Kong lost 1.35%.

Shenzhen (-1.62%) and Shanghai (-0.67%) also performed poorly. Taiwan did worse (-2.63%) also due to the high presence of technology stocks on the local list

Open Questions

Who will be Jensen Huang's successor?
How will Nvidia stock evolve in the next few days?

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