Markets
Asian and European Shares Slip as Nvidia's CEO Exit Weighs on Chips, With US Futures Flat Ahead of the PPI Report
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Tokyo and Taipei gained while Hong Kong, Seoul and Sydney fell; Wall Street futures were little changed in early Friday trading.
By Emmanuel Cruz ·
Stock markets in Asia and Europe leaned lower on Friday as investors weighed what the abrupt departure of Nvidia's chief executive could mean for the artificial intelligence trade, while U.S. stock futures held close to unchanged ahead of a closely watched inflation report.
In Asia, the picture was mixed. Japan's Nikkei 225 gained 0.8% to 61,283.16 and Taiwan's Taiex rose 1.7%, according to The Associated Press [1]. South Korea's Kospi fell 0.5% to 5,317.05, Hong Kong's Hang Seng lost 0.9% to 23,786.48, and Australia's S&P/ASX 200 slipped 0.7%, while the Shanghai Composite added 0.2% [1]. Among individual chip-related names, SoftBank Group fell 5.2%, SK Hynix dropped 2% and Samsung Electronics lost 0.7%, whereas Tokyo Electron rose 1.5% and TSMC added 0.9% [1].
European benchmarks opened lower. Euronews reported that London's FTSE 100 was down 0.2% at the open, with the Paris and Frankfurt benchmarks each down 0.3% [2].
The common thread was Nvidia. In a filing with the Securities and Exchange Commission, the company said Jen-Hsun Huang had resigned as president, chief executive officer and board member, effective immediately, and that Chief Financial Officer Colette Kress would serve as interim CEO while keeping her finance role as the board searches for a permanent successor [3]. The filing also named Harvey C. Jones, a director since 1993, as chair of the board [3].
Nvidia shares fell as much as 14% at the open on Thursday, to their lowest level since June 2025, before recovering nearly three-quarters of that drop and closing down about 4%, Yahoo Finance reported [4]. Euronews put the closing decline at 4.3%, and noted that Advanced Micro Devices rose 5.9% on the day [2]. Yahoo Finance, citing Vanda Research, said retail investors bought a net $111 million of Nvidia in the first 30 minutes of trading Thursday, which it described as a record opening and more than 40 times a normal start [4]. Nvidia is due to report third-quarter results next Tuesday, with no permanent chief executive in place [4].
U.S. futures were steady in the early hours. As of about 6 a.m. ET, Dow futures were up 0.2%, S&P 500 futures were up 0.1% and Nasdaq-100 futures were roughly flat, Yahoo Finance data showed [4]. On Thursday, the S&P 500 fell 0.35%, the Nasdaq Composite lost 0.39% and the Dow slid 0.36%, though the major averages were still on track for a weekly gain [4]. The Dow closed at 52,297.09 [2].
The data calendar adds a second test. The October producer price index is due today, with economists expecting a 0.4% monthly increase after a 1.3% jump in September, and core prices expected to rise 0.3% after a 0.7% gain the previous month, according to Yahoo Finance [4]. A hotter-than-expected reading would add to pressure on bond markets, where the 10-year Treasury yield reached 5.10% on Thursday, its highest level since October, and traders are bracing for an interest rate hike in December [4].
Energy remains a background factor. Brent crude traded around $95.70 a barrel in Asian hours, compared with about $72 in late February before the war involving Iran began, the AP reported [1].
For markets, the questions are whether the producer price data reinforces expectations for a December rate increase, whether chip stocks can steady before Nvidia's earnings report on Tuesday, and whether the Asian and European softness spills into the U.S. open. Early futures suggest Wall Street is starting the session with little conviction in either direction.
Sources:
[1] Associated Press (via WSLS), "Asian shares decline as investors assess impact of Nvidia's fallout on global AI development", November 13, 2026. https://www.wsls.com/business/2026/11/13/asian-shares-are-mixed-as-investors-assess-impact-of-nvidias-fallout-on-global-ai-development/
[2] Euronews, "European shares fall as Nvidia CEO's exit raises doubts over AI boom", November 13, 2026. https://www.euronews.com/2026/11/13/european-shares-fall-as-nvidia-ceos-exit-raises-doubts-over-ai-boom
[3] NVIDIA Corporation, Form 8-K (CEO transition), November 12, 2026. https://www.sec.gov/Archives/edgar/data/0001045810/000104581026000082/nvda-20261111.htm
[4] Yahoo Finance, "Stock market today: Dow, S&P 500, Nasdaq futures hold steady as Nvidia tumult deepens", November 13, 2026. https://finance.yahoo.com/markets/live/stock-market-today-friday-november-13-dow-sp-500-nasdaq-nvidia-110151154.html
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.