NVIDIA announced that its financial report exceeded expectations, but the magnitude of the reduction was smaller than expected, affecting other technology stocks to decline after-hours. Last night, the U.S. stock market fell across the board, with the Nasdaq 100 falling more than 1.3% after-hours. The market's disappointment with tech stocks spread to Asian stock markets, leading to a general decline in Asian markets today, with TSMC and Samsung following the decline after NVIDIA's post-market plunge.
On Thursday, Asian markets fell across the board, with Taiwan stocks leading the decline, and the MSCI Asia-Pacific Index fell by 0.5%.
On Wednesday, August 28th, after the U.S. stock market closed, NVIDIA announced its Q2 financial data and Q3 performance guidance. NVIDIA's sales revenue doubled in Q2, but the Q3 guidance did not meet Wall Street's most optimistic expectations. After the financial report was released, NVIDIA's stock price plummeted by 6.89% after-hours.
<h2>Asian Markets Fall Across the Board, Taiwan Stocks Lead the Decline</h2>
As of the midday close, the Nikkei 225 Index fell by 0.39% to 38220.34, and the TOPIX Index fell by 0.29% to 2684.40.
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The Seoul Composite Index in South Korea fell by 0.89% to 2665.76, with chipmaker SK Hynix falling by 5.6%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5b24c9d6-66bc-46e3-a79a-31b86abebc88.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5b24c9d6-66bc-46e3-a79a-31b86abebc88.png"/>
Taiwan's weighted index, which is mainly composed of semiconductor stocks, fell by 1.03% to 22140.84, leading the decline in Asian stocks. TSMC fell by 2.07%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/05486d14-6bbc-424a-8b6f-bd7f81cddb03.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/05486d14-6bbc-424a-8b6f-bd7f81cddb03.png"/>
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/71b66401-38f1-45d6-9178-869dba6be750.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/71b66401-38f1-45d6-9178-869dba6be750.png"/>
Australia's S&amp;P/ASX 200 Index fell by 0.51% to 8030.40.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2db40172-d015-44dd-97c0-d138d7f76aea.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2db40172-d015-44dd-97c0-d138d7f76aea.png"/>
<h2>Gold at High Levels, Crude Oil Slightly Up</h2>
Gold fluctuated at around $2515 per ounce.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8ca7d7ad-9981-463b-9a5d-4a85e0009977.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8ca7d7ad-9981-463b-9a5d-4a85e0009977.png"/>
Crude oil edged up slightly. WTI crude oil rose by 0.34%, while Brent crude oil rose by 0.27%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/91b08312-687f-447b-80ad-fc928a94832c.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/91b08312-687f-447b-80ad-fc928a94832c.png"/>

SDOW

.DJI

NVIDIA's Q3 guidance fell short of Wall Street's most optimistic expectations, leading to a sense of disappointment in the tech sector that spread to Asian stock markets. As a result, Asian markets experienced a general decline, with TSMC and Samsung following NVIDIA's sharp post-market drop

- Nvidia's financial report fell short of expectations, causing a ripple effect in the tech sector with a subsequent drop in US stocks, notably the Nasdaq 100 plunging over 1.3% after hours. This disappointment spread to Asian markets, leading to a general decline today, with TSMC and Samsung following Nvidia's post-market plummet.
- Across Asia, markets declined with Taiwan's stock market leading the losses, reflected in a 0.5% drop in the MSCI Asia Pacific Index. Nvidia's Q2 revenue doubled, but its Q3 guidance fell below Wall Street's optimistic expectations, resulting in a significant 6.89% post-market drop.
- Asian markets continued to decline, with Japan's Nikkei 225 down 0.39%, Korea's Seoul index falling 0.89%, and Taiwan's weighted index dropping 1.03%, led by semiconductor stocks like TSMC. Gold remained volatile around $2515 per ounce, while oil prices saw a slight increase.

Wallstreetcn

Dragged down by technology stocks, Asian markets generally fell, with Taiwan stocks leading the decline