Newsquawk Daily Asia-Pac Opening News - 13th November 2026
Newsquawk ·
US stocks were choppy as attention centred on Nvidia (NVDA), geopolitical developments and the neocloud sector. Indices ultimately closed lower, with the Russell 2000 underperforming, while the equal-weight S&P 500 ETF also declined, highlighting negative market breadth. Sectors were mixed, with energy and communication services outperforming, while materials and technology lagged. The main equity focus was the immediate resignation of Nvidia (NVDA) CEO Jensen Huang, which saw shares tumble as much as 14% in pre-market trade, although NVDA had pared a substantial portion of its losses during the session but still closed firmly in the red. Huang's departure appeared to benefit competitors AMD (AMD) and Broadcom (AVGO) in the semiconductor space, while disappointing guidance from Nebius (NBIS) weighed on neocloud stocks, reversing some of the sector's gains following CoreWeave's (CRWV) earnings report on Tuesday. USD was firmer against peers as higher US yields continued to offer an
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