Blog Details

Asian Equities Saw A Decline On Thursday, Primarily Driven By Nvidia's Disappointing Earnings Forecast. The Company’s Projection Of Its Slowest Revenue Growth In Seven Quarters Sent Its Stock Price Lower. In Addition, The dollar Firmed While Bitcoin Hit A Record High, Buoyed By Market Expectations Of The Proposed Policies Under U.S. President-elect Donald Trump.

Geopolitical Risks Push Safe-Haven Assets Higher

Amid Growing Geopolitical Risks, Investors Turned To Safe-haven Assets. The Escalating Conflict In Ukraine And Other International Concerns Heightened Demand For Gold And Government Bonds. As A Result, Gold Prices Continued To Rise, Reflecting Increased Interest In Traditional Safe-haven Investments.

Nvidia’s Earnings And Market Sentiment

The Spotlight Was On Nvidia, The World’s Most Valuable Tech Company, Which Projected Its Slowest Revenue Growth In Seven Quarters. This Sent Nasdaq Futures Lower By 0.47%, While S&P 500 Futures Dropped By 0.3%. Despite Impressive Growth, The Market’s Reaction Reflected High Expectations For Nvidia’s Performance.

AI Momentum Remains A Key Driver For Tech Stocks

Charu Chanana, Chief Investment Strategist At Saxo, Suggested That Nvidia’s Results Signaled That The Momentum For Artificial Intelligence (AI) Is Continuing. However, Supply Constraints Are Emerging As A Key Challenge. AI Growth Could Remain A Driving Force For Tech Stocks In The Upcoming Year.

Mixed Sentiment In Asia’s Stock Markets

Stocks In China Opened Lower, While Hong Kong’s Hang Seng Fell 0.22%. The Asian Markets Showed Mixed Sentiment As Some Global Funds Followed Domestic Investors Into Protected Segments, But Overall Market Movements Remained Uncertain.

Adani Group Faces Scrutiny Amid Legal Issues

Investor Attention Shifted To Adani Group, Following Reports Of The Indictment Of Its Billionaire Chair, Gautam Adani. The Legal Scrutiny Caused A Sharp Drop In Adani’s Dollar Bond Prices. The News Added Another Layer Of Uncertainty For Investors Focused On The Indian Conglomerate

For Real-time Updates Financial News, Click Here To Dive Deeper.