{"id":73185,"date":"2024-11-21T16:50:09","date_gmt":"2024-11-21T05:50:09","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73185"},"modified":"2025-11-10T20:53:12","modified_gmt":"2025-11-10T09:53:12","slug":"thursday-21st-november-2024-asian-markets-slip-amid-nvidias-slowdown-and-adani-group-controversy","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-21st-november-2024-asian-markets-slip-amid-nvidias-slowdown-and-adani-group-controversy\/","title":{"rendered":"Thursday 21st November 2024: Asian Markets Slip Amid Nvidia&#8217;s Slowdown and Adani Group Controversy"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite up 0.02%, Hang Seng down 0.27% ASX down 0.07%<\/li>\n\n\n\n<li>Commodities : Gold at $2658.35 (0.24%), Silver at $31.2 (0.48%), Brent Oil at $72.94 (0.16%), WTI Oil at $68.9 (0.19%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.406, UK 10-year yield at 4.469, Germany 10-year yield at 2.341<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Crude Oil Inventories 0.5M vs -0.1M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>&nbsp; Asia-Pacific markets largely declined on Thursday, with investors focused on tech shares following Nvidia&#8217;s robust quarterly results. The chipmaker reported a 94% year-on-year revenue surge to $35.08 billion for the third quarter, though growth slowed compared to prior quarters\u2019 triple-digit gains. Net income rose to $19.3 billion, nearly doubling from $9.24 billion a year ago.<\/p>\n\n\n\n<p>Indian markets faced turbulence as Adani Group stocks plummeted after its chairman, Gautam Adani, was indicted in a New York federal court on charges related to bribery and fraud. Flagship Adani Enterprises plunged 20%, Adani Green Energy fell 18.19%, and other group companies like Adani Power, Adani Ports, and Adani Wilmar saw losses between 10% and 20%. The Nifty 50 and BSE Sensex dropped 0.84% and 0.8%, respectively.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 declined 0.8%, with the Topix down 0.54%. Semiconductor supplier Advantest, linked to Nvidia, lost 3%. In South Korea, the Kospi rose 0.38%, while Samsung Electronics gained 2.53%, offsetting a 0.41% drop in SK Hynix. Australia\u2019s S&amp;P\/ASX 200 dipped 0.17%, while Hong Kong\u2019s Hang Seng index fell 0.13%, and China\u2019s CSI300 slid 0.22%.<\/p>\n\n\n\n<p>In the U.S., the S&amp;P 500 ended flat Wednesday as Nvidia shares slipped 1% ahead of its earnings report. The Nasdaq Composite edged down 0.11%, while the Dow Jones Industrial Average gained 0.32%, buoying investor sentiment.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>01:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD Existing Home Sales<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: &nbsp; Asia-Pacific markets largely [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73185"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=73185"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73185\/revisions"}],"predecessor-version":[{"id":73191,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73185\/revisions\/73191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=73185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}