MARKETS: Nvidia’s wobbly leadership weighs on stock market sentiment in Asia

The market’s number one talking point was again on Thursday Nvidia and its CEO by Jensen Huang relationship turmoil In Asia, stock markets were down after Wall Street’s up day yesterday.

Yesterday, Nvidia’s stock recovered slightly from the previous days’ turmoil and rose 2.9 percent. However, Nvidia’s share had fallen by 8.6 percent in the aftermarket.

The background was increased uncertainty about the position of Nvidia’s CEO. Nvidia’s board is currently investigating Huang’s actions. Huang is said to have had at least one other extramarital affair previously reported Alice Huang – in addition to the relationship. According to the New York Times, Jensen Huang also had an affair with Nvidia’s healthcare director Kimberly Powellin with.

According to Wall Street Journal sources, the board is considering ousting Jensen Huang as the head of Nvidia. Bloomberg, on the other hand, reports that the government has hired an outside company to go through possible successor names for Huang.

Nvidia’s leadership crisis increases uncertainty in the market in a situation where investors are already worried about the high valuation levels of artificial intelligence companies and the hugely inflated investments.

Answer a large investor survey and win a gold bar worth more than 2,000 euros

In the Asian stock market, the semiconductor-focused Taiwanese and Korean stock exchanges were down 2.4 percent and 1.2 percent, respectively.

In Japan, the Nikkei index of large export-oriented companies was down 0.6 percent, but the broader TOPIX index gained 0.04 percent.

In mainland China, the rate of decline was around half a percent. The Hang Seng index of the Hong Kong stock exchange was down 0.9 percent.

In the foreign exchange market, the dollar had strengthened by 0.1 percent against the euro and the pound and weakened by 0.1 percent against the yen.

You got 1.11 dollars for the euro and 159.73 yen for the dollar.

The Euro Stoxx 50 stock index future was up 0.2 percent in anticipation of a greener stock market opening in Europe.