Asian stocks fragile, Nvidia plummets as board to decide CEO's fate

Asian markets opened uneasily on Thursday, November 12, as Nvidia fell more than 8% in after-hours trading after reports that its board was considering whether to remove chief executive Jensen Huang. Business Recorder reported that the board was meeting late Wednesday, amid allegations involving Huang that have also drawn attention to a reported relationship with a company executive.

Regional share benchmarks were mixed: South Korea’s Kospi gained 0.2%, while Japan’s Nikkei 225 and Taiwanese shares each advanced 0.5%; the Asia-Pacific index excluding Japan slipped 0.1%. Wall Street had risen on Wednesday, with the S&P 500 up 1.3%, while the dollar index stood at 102.87 and futures indicated an 87.3% chance of a 25-basis-point Federal Reserve rate increase at its December meeting. Bitcoin and ether each declined 0.9%.