MARKETS CAUGHT BETWEEN AI TURMOIL AND RISING RATE EXPECTATIONS
- Asian Stocks Recover: Kospi surged 2.35%, Nikkei gained 1.4%, while MSCI Asia-Pacific rose 0.26%.
- Nvidia Fallout: Nvidia shares fell 3% after Jensen Huang’s departure, raising concerns over the broader AI investment outlook.
- AI Rotation: AMD, Broadcom and Arista could benefit as investors seek alternatives amid uncertainty surrounding Nvidia.
- Copper Weakens: Copper hit a four-month low on concerns that slowing AI infrastructure investment could weaken demand.
- Fed Expectations: US 2-year Treasury yields climbed to 4.892%. Markets now price a 14.5% chance of a 50-basis-point Fed hike in December.
- Yen Under Pressure: The yen approached 160 per dollar, raising intervention concerns.
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Global Market News Summary — 13 November 2026
- The Nasdaq Composite shed 100 points to close 0.39% lower on Thursday. Nvidia CEO and co-founder Jensen Huang resigned after 33 years, with CFO Colette Kress appointed interim CEO while the board searches for a successor. Nvidia closed down 4.3% at $166.19 after falling about 14% at the open, while AMD rose 5.9% and Broadcom 5.5%. Applied Materials reported record fourth-quarter revenue of $10.41 billion after the close, up 53% year on year.
- The DAX gained 0.57% on Thursday to a new all-time high, led by insurance, food & beverage and telecom stocks. Munich Re was the top performer, up 2.88%, while GEA Group was the weakest, down 4.31%.
- The Nikkei futures 225 closed Friday up 0.49%, as buyers targeted AI and semiconductor shares; the session range was 60480 to 61870. The index was on track for its best week in five months, with a weekly gain of about 7.3%.
- Spot gold closed Thursday at $3,876, down 2.8% and its lowest close in more than a year, after touching $3,852 intraday. The dollar climbed to a 19-month high against major peers. Markets priced an 85% chance of a 25-basis-point Fed hike in December; gold was down 4.4% for the week.
- Brent futures settled up $3.06 at $95.76 on Thursday. Yemen’s Houthis said they attacked a pumping station on Saudi Arabia’s East-West pipeline, an oil facility in Yanbu and an Aramco building in Riyadh, while Iran’s military said four tankers were hit by explosions in the Strait of Hormuz. President Trump said the US no longer needs a deal with Iran. OPEC+ output rose in October on higher Saudi production, and the EIA reported increases in US crude, gasoline and distillate inventories.
GLOBAL MARKETS
Fed: Strong inflation data supports rate-hike expectations. US PPI is in focus today.
Equities: Technology stocks face pressure amid uncertainty surrounding Nvidia.
Oil: Brent trades near $96 as Middle East developments remain in focus.
Gold: Gold stays below $3,900, pressured by a stronger dollar.



