Reported about 1 month ago
Asian stocks are set to decline following Nvidia's disappointing earnings report, which derailed the robust outlook for the tech sector. Key indices like South Korea's Kospi fell over 1%, influenced by drops in major chipmakers like Samsung and SK Hynix. The dismal sales forecasts from Nvidia raised concerns about the AI market's momentum, while Chinese stocks are under scrutiny amid a struggling economy and mixed earnings results from local companies.
Source: YAHOO