Asian markets: Asian stocks are rising slightly after a turbulent start

The recent turbulence at Nvidia has little impact on the Asian stock exchanges. The most important indices are trading slightly higher in early trading.

Investor sentiment has deteriorated. Photo: AP

Tokyo/Singapore. The ongoing leadership crisis at chip manufacturer Nvidia only briefly caused unrest in the Asian markets. Until the lunch break, the important indices in Asia were only slightly changed.

Media reports about a possible imminent replacement of Nvidia boss Jensen Huang caused the chip company's shares to slide by up to eight percent after trading.

The Asian indices, on the other hand, performed better. South Korea's Kospi rose 0.2 percent and Taiwanese stocks gained 0.5 percent. Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower, weighed down by stocks in Hong Kong.

In Tokyo, the 225-stock Nikkei index remained almost unchanged at 61,304 points and the broader Topix was 0.6 percent higher at 3,951 points.

The Shanghai Stock Exchange gained 0.2 percent to 3,688 positions. The index of major companies in Shanghai and Shenzhen rose 0.1 percent to 4,080 points.

More: US media reports on another affair - Nvidia's board of directors is apparently preparing to oust Jensen Huang