Asian Markets Slip as Nvidia's Forecast Disappoints

Asian stocks experienced a downturn after Nvidia's subdued revenue forecast dampened investor sentiment.

Asian Markets Slip as Nvidia's Forecast Disappoints
Asian Markets Slip as Nvidia's Forecast Disappoints

Singapore: Asian stock markets faced a setback on Thursday as Nvidia's less-than-stellar revenue forecast dampened investor enthusiasm. The AI giant's projection of slower growth cast a shadow over the tech sector, leading to a decline in share prices.

The geopolitical landscape, marked by escalating tensions, further exacerbated the market's downward trend. Investors sought refuge in safe-haven assets like gold and government bonds. The strengthening US dollar also added pressure on Asian currencies and equities.