Asia stocks fall as tech recovery loses steam amid Nvidia leadership shock Roushni Nair Thu, November 12, 2026 at 11:25 PM EST 4 min read NVDA -5.60% ^NDX -0.30% LCO -2.27% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Asian stocks lost ground on Friday, with technology stocks turning lower as investors digested the ramifications of a major leadership crisis at Nvidia.
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The MSCI Asia Pacific index fell 0.3%, turning tail after rising as much as 0.7%, with a reversal in technology shares providing the most pressure.
This came as Nasdaq 100 Futures also reversed course to fall 0.3% on Friday.
Nvidia shares fell as much as 14% on Thursday after co-founder Jensen Huang resigned, but dip-buyers narrowed the decline to 4.3% by the close.
Still, shares of the artificial intelligence giant lost another 2% in after-hours trading after the company confirmed that Chief Financial Officer Colette Kress would take over as interim CEO while its board searches for a permanent replacement.
Japan's Nikkei 225 rose 0.5%, sharply trimming intraday gains as local tech stocks turned negative after an initial recovery.
This saw the TOPIX also curb gains to trade flat for the day.
South Korea's KOSPI reversed early gains and slid 1.1%, with local memory chip stocks all reversing initial advances for the day.
Huang's departure could have wider implications for U.S. chip-export policy and the AI supply chain, given his efforts to retain access to China and his close relationship with U.S. President Donald Trump.
Markets also fretted over whether Kress would continue Huang's policy of investing in some of Nvidia's biggest customers, with recent reporting indicating that the CFO was skeptical towards Huang's investments.
U.S. Senate Banking Committee Chairman Tim Scott has asked both Huang and Commerce Secretary Howard Lutnick to testify about the recent developments at the chipmaker.
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Investors are nevertheless looking ahead to Nvidia's third-quarter results due the coming Tuesday, November 17.
Chinese and Hong Kong technology stocks remained weaker as investors assessed how Nvidia's leadership change could affect Chinese companies reliant on its processors, alongside the risk of tighter U.S. curbs on access to advanced chips through offshore data centres.
Hong Kong's Hang Seng fell 1.4%, while the CSI 300 slipped 0.5% and the Shanghai Composite fell 0.4%.
MiniMax fell 4.9%, Z.AI dropped 7.4%, Tencent lost 2.6% and Kuaishou declined 3.1%, while Alibaba shed 0.6%.
Chinese AI developers have remained reliant on offshore access to Nvidia chips over the past year, despite increasing pressure from Beijing to adopt locally made chips.
But Huang's ouster is expected to draw increased U.S. scrutiny towards this access, with a report on Thursday indicating that U.S. policymakers were now considering closing a loophole allowing Chinese AI developers to access Nvidia chips in offshore data centers.
Broader U.S.-China national-security tensions are adding to those concerns. Washington is considering barring imports of new Chinese optical transceivers used to connect equipment inside AI data centres, citing fears that the products could enable data theft, malware installation or service disruption.
Elsewhere, Australia's S&P/ASX 200 fell 0.6%, New Zealand's NZX 50 lost 0.5% and Singapore's STI declined 0.7%.
India's Nifty 50 fell 0.6%, pressured by a Friday rebound in oil prices.
Meanwhile, markets fully priced a quarter-point Fed increase next month and assigned a 14.5% probability to a half-point move, up from zero a week earlier.
Brent traded near $96 a barrel after gaining 3.3% on Thursday, when Houthi attacks on Saudi energy infrastructure and risks to Strait of Hormuz shipping raised supply concerns.
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