On Thursday morning (21 November, 9:49 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed, with investors closely monitoring tech stocks in the region following chipmaker Nvidia’s release of results that surpassed expectations.
Nvidia disclosed a 94% year-on-year revenue surge in the third quarter, reaching $35.08 billion and exceeding $33.16 billion expected by LSEG’s analysts. Meanwhile, the figure marks a successive deceleration from the prior three quarters, which witnessed sales spikes of 122%, 262%, and 265%.
Concurrently, net income for the quarter climbed to $19.3 billion, up from $9.24 billion in the corresponding period a year earlier.
Following the development, traders also shed their spotlight on Indian equities tied to billionaire Gautam Adani, as the chairman of India’s Adani Group faces indictment alongside others in New York federal court, accused of involvement in a substantial bribery and fraud plot.
Japan’s NIKKEI contracted by 0.83% to 38,033.22. Australia’s ASX 200 slid by 0.03% to 8,324, while South Korea’s KOSPI rose by 0.37% to 2,491.36.
As for stocks in China, Shanghai’s SSEC climbed by 0.08% to 3,370.52. Hong Kong’s HSI increased by 0.22% to 19,749.19, and Shenzhen’s SZI surged by 0.14% to 10,842.33.
Meanwhile, the US stock markets were mixed on Wednesday as the Dow Jones Industrial Average (DJIA) grew by 0.32% to 43,408.47. NASDAQ dipped by 0.11% to 18,966.14, while S&P 500 remained unchanged at 5,917.11. VIX added by 4.95% to 17.16.
As for commodities, oil prices settled lower on Wednesday as U.S. crude and gasoline inventories saw a bigger-than-anticipated increase last week. However, concerns over the escalating conflict between Russia and Ukraine limited the extent of the losses. Brent futures dropped 50 cents or 0.68% to $72.81 a barrel, and the West Texas Intermediate (WTI) declined 52 cents or 0.75% to $68.87 per barrel.
This morning, Brent futures gained 36 cents or 0.49% to $73.17 a barrel, while the WTI remained unchanged at $68.87 per barrel.
Meanwhile, gold futures climbed 0.31% to $2,659.9 per Troy ounce.
