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Asia markets mostly fall as investors assess Nvidia results, Adani charges
Thursday, 21 November 2024 07:51 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asia

Asia-Pacific markets mostly fell on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results.

Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively.

Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago.

All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme.

Japan's Nikkei 225 slipped 0.52% in early trade, and the broad based Topix was 0.2% down.

South Korea's Kospi was 0.20% lower, while the small cap Kosdaq fell 0.25%. Nvidia supplier SK Hynix was trading marginally higher, while heavyweight Samsung Electronics lost 0.9%. In contrast, Australia's S&P/ASX 200 rose 0.18%.

Futures for Hong Kong's Hang Seng index stood at 19,617, pointing to a weaker open compared to the HSI's close of 19,714.

Source: CNBC

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