{"id":442164,"date":"2026-11-13T11:40:06","date_gmt":"2026-11-13T04:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/asian-stocks-steady-as-nikkei-gains-1-4-hang-seng-slips-on-nvidia-leadership-fallout-442164\/"},"modified":"2026-11-13T11:40:06","modified_gmt":"2026-11-13T04:40:06","slug":"asian-stocks-steady-as-nikkei-gains-1-4-hang-seng-slips-on-nvidia-leadership-fallout","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/asian-stocks-steady-as-nikkei-gains-1-4-hang-seng-slips-on-nvidia-leadership-fallout-442164\/","title":{"rendered":"Asian stocks steady as Nikkei gains 1.4%, Hang Seng slips on Nvidia leadership fallout"},"content":{"rendered":"<div>\n<p dir=\"ltr\">Japan\u2019s outperformance shows investors are favouring markets with a weak currency and broader earnings support over those most tied to the AI trade. Korea\u2019s fade from early highs, with Samsung and SK Hynix subdued, suggests caution over AI chip demand while Nvidia\u2019s leadership is in question. Bitcoin\u2019s drop below $70,000 alongside firmer gold points to a rotation away from speculative assets rather than a broad risk-off move. Oil\u2019s small dip despite the latest Iranian claim suggests traders are waiting for confirmation before adding risk premium. Nvidia\u2019s next steps on succession, and any further rise in US rate hike expectations, are the main swing factors for Asian tech into next week.<\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">\nAsia steadied after a bruising week, with Tokyo leading and Hong Kong lagging, but the Nvidia leadership shock is keeping enthusiasm for AI stocks in check.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>The Nikkei 225 rose about 1.4% to near 61,650 by midday, and the Topix gained close to 0.8%<\/li>\n<li>The Kospi opened about 2% higher but faded to little changed, while the Kosdaq rose close to 2%<\/li>\n<li>The Hang Seng fell close to 0.9% to around 23,800, while the Shanghai Composite edged up about 0.2%<\/li>\n<li>Nvidia shares fell about 3% after hours following Jensen Huang\u2019s resignation, and South Korea\u2019s Naver dropped close to 3%<\/li>\n<li>Citi sees investors looking at AMD, Arista and Broadcom as alternatives to Nvidia<\/li>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/bitcoin-dipped-under-70k-first-time-since-august\/\" rel=\"follow\">Bitcoin fell about 6% to below $70,000<\/a>, gold rose close to 1% and Brent eased to near $95<\/li>\n<\/ul>\n<p dir=\"ltr\">\nAsian stock markets found steadier footing at lunchtime on Friday after a turbulent week. Japan led the gains while Hong Kong lagged, as investors weighed the fallout from Jensen Huang\u2019s resignation as Nvidia chief executive and the risk that US political change slows the AI build-out.<\/p>\n<p dir=\"ltr\">Tokyo was the standout. The Nikkei 225 opened higher and kept climbing, trading around 61,650 at about 0330 GMT, up roughly 1.4%, while the broader Topix gained close to 0.8%. In Seoul, the picture was more mixed. The Kospi opened about 2% higher but gave back most of that gain to trade little changed around 5,350, while the tech-heavy Kosdaq rose close to 2%. Samsung Electronics edged higher and SK Hynix was flat, a muted performance for two of the market\u2019s biggest AI beneficiaries.<\/p>\n<p dir=\"ltr\">Greater China was split. Hong Kong\u2019s Hang Seng fell close to 0.9% to around 23,800, extending an early dip. Mainland markets were firmer, with the Shanghai Composite up around 0.2% near 3,660 and gains in Shenzhen and on the ChiNext growth board in early trade.<\/p>\n<p dir=\"ltr\">The Nvidia story remains the main weight on AI-linked stocks. Huang stepped down after revelations about extramarital affairs, and Nvidia shares fell about 3% in extended US trading. Customers in the region were also hit, with South Korea\u2019s Naver down close to 3%. Citi\u2019s Jon Zauderer said uncertainty over a management change would push investors to look for alternatives, naming AMD, Arista and Broadcom as potential beneficiaries.<\/p>\n<p dir=\"ltr\">The tentative recovery follows last week\u2019s sharp selloff after Democrats\u2019 strong showing in the US midterm elections, which raised fears that tighter regulation could slow data centre construction.<\/p>\n<p dir=\"ltr\">Elsewhere, US stock index futures were modestly higher. Bitcoin dropped about 6% to below $70,000, while gold rose close to 1% to around $3,920. Oil eased slightly, with Brent near $95, despite an unverified Iranian claim of a strike on a US radar in Bahrain.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s outperformance shows investors are favouring markets with a weak currency and broader earnings support over those most tied to the AI trade. Korea\u2019s fade from early highs, with Samsung and SK&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-442164","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=442164"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/442164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=442164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=442164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=442164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}