Asian Markets Slip as Nvidia's Forecast Disappoints
Asian stocks experienced a downturn after Nvidia's subdued revenue forecast dampened investor sentiment.
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.