Overnight, US stocks retreated, with major indices closing lower. NVIDIA led the decline in the semiconductor sector, dragging down the performance of Asian semiconductor stocks, putting pressure on the overall Asian markets.
On Thursday, US Eastern Time, the &#34;AI leader&#34; NVIDIA experienced significant volatility during the trading session, rising by 3.8% before plunging 4.5% at one point, equivalent to an 8% drop from its peak, ultimately closing down by 3.5% from its historical high.
On Friday, US stocks will face the &#34;Triple Witching Day,&#34; with approximately $5.5 trillion worth of options expiring, the largest scale in history. NVIDIA-related options have the second largest expiration value among all underlying assets, second only to the S&amp;P 500. This options expiration coincides with the rebalancing of the S&amp;P Dow Jones Indices, and related ETFs will also undergo position adjustments.
Due to this impact, semiconductor stocks in the US fell, including Broadcom, Taiwan Semiconductor Manufacturing Company (TSMC), and memory chip maker Micron Technology, with the Philadelphia Semiconductor Index dropping by 2.7% from its historical high. The Nasdaq and S&amp;P 500 both trended lower.
Following the trend of US stocks, Asian stock markets fell on Friday, with the MSCI Asia Pacific Index dropping by 0.4%, and semiconductor stocks collectively declining.
&#34;TSMC,&#34; the leading company, fell by 1.5% to 966 New Taiwan Dollars. Hon Hai Precision Industry Co., Ltd. dropped by nearly 2% to 214 New Taiwan Dollars, while MediaTek fell by 1% to 1485 New Taiwan Dollars.
On the 21st, affected by the decline of TSMC, the Taiwan Stock Exchange index plummeted by more than 250 points, reaching a low of around 23151.15 points.
In the South Korean stock market, the KOSPI index fell by 0.82%. Samsung Electronics fell by 1.35%, while SK Hynix fell by 2.11%.
The Japanese yen has plummeted for six consecutive days. In terms of the Japanese stock market, the Nikkei 225 index fell by 0.15% to 38,574.39 points, while the TOPIX index rose by 0.17%.
Today, Tokyo Electron fluctuated and fell by 0.15%
Concept stocks of A-share semiconductors and components fell, with Loongson Technology falling by 3.75% and SMIC dropping by 1.78%.
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HNHPF

NVDL

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NVDA

Asian stock markets fell on Friday, with the MSCI Asia-Pacific Index dropping by 0.4%. Semiconductor stocks collectively declined. Taiwan Semiconductor fell by 1.5%, Hon Hai dropped by nearly 2%, Samsung Electronics fell by 1.35%, SK Hynix dropped by 2.11%, and A-share semiconductor and component concept stocks also declined

1. Key descriptive facts: 
- US stocks retreated overnight, with major indices closing lower. Nvidia led the decline in the semiconductor sector, impacting the performance of Asian semiconductor stocks and putting pressure on the overall Asian markets.
- Nvidia experienced significant intraday volatility, rising 3.8% before plunging 4.5% and ultimately closing down 3.5% from its historical high.
- Friday will see the "Triple Witching Day" in the US, with around $5.5 trillion options expiring, the largest in history. Nvidia-related options have the second-largest expiration value among all assets, following only the S&P 500.
2. Viewpoints and supporting logic:
- The decline in US semiconductor stocks, including Nvidia, Broadcom, TSMC, and Micron, along with the Philadelphia Semiconductor Index falling 2.7%, was driven by the massive options expiration and the rebalancing of the S&P Dow Jones Index, affecting related ETFs.
- The ripple effect of the US market downturn was felt in Asian markets, with the MSCI Asia Pacific Index dropping 0.4% and semiconductor stocks across the region experiencing declines.
- Specific impacts were seen in Taiwan, where TSMC's drop influenced the stock market significantly, with the index plummeting over 250 points at one point.
- The negative trend extended to South Korea, with the KOSPI Index falling 0.82% and key companies like Samsung Electronics and SK Hynix experiencing declines.
- The weakening of the Japanese yen for six consecutive days affected the Japanese stock market, with the Nikkei 225 Index down 0.15% and the TOPIX Index up 0.17%. Tokyo Electron also saw a 0.15% decline.
- In the A-share market, semiconductor and component concept stocks, such as Loongson Technology and SMIC, also faced declines, reflecting the broader trend in the sector.

Wallstreetcn

VanEck Semiconductor ETF

Hon Hai Precision Industry Co., Ltd.

GraniteShares 2x Long NVDA Daily ETF

Direxion Semicon Bull 3X

NVIDIA

Taiwan Semiconductor

Asian stock markets are sluggish, with NVIDIA's "plunge" leading to a decline in Asian semiconductor stocks, with Taiwan Semiconductor falling more than 1.5%