Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the...
SYDNEY - Asian shares followed Wall Street futures lower on Thursday as Nvidia 's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive.
Shares of the AI darling slumped 7.6% in after-hour trading, losing about $236 billion of its market value.Nvidia's chip contractor TSMC slid 2.4% when shares opened, dragging the broader Taiwanese market 1.3% down. Chinese battery maker CATL fell 2% after two top Republican lawmakers sought to have the firm to be added to a restricted list of companies allegedly working with Beijing's military.U.S. National Security Adviser Jake Sullivan is wrapping up three days of talks in Beijing intended to ease simmering tensions between the two superpowers.
The euro held at $1.113, having dropped 0.6% overnight and failed to break major resistance at $1.12.
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