Global tech stocks fall amid broad declines in the region after Nvidia results

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 80%
  • Publisher: 72%

Asia Economy News

Technology,Breaking News: Technology,Hua Hong Semiconductor Ltd

Losses were most pronounced in Nvidia's direct suppliers, such as TSMC and SK Hynix

Losses were most pronounced in companies which had direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, as well as Taiwan heavyweights TSMC and Foxconn.

In Europe, Dutch chip firm BE Semiconductor was down around 0.4% in early morning deals, while compatriot firm ASML, a major semiconductor equipment maker, saw its shares climb 1%. Super Micro, meanwhile, sank 7% in after-hours trading, adding to losses of 19% in Wednesday's trading session. This was off the back of a delay to the firm's annual report after a report from shortseller Hindenberg Research identified alleged "fresh evidence of accounting manipulation" at the company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech stocks in Asia fall amid broad declines in the region after Nvidia resultsLosses were most pronounced in Nvidia's direct suppliers, such as TSMC and SK Hynix
Source: CNBC - 🏆 12. / 72 Read more »

Asia-Pacific tech stocks fall amid broad declines in the region after Nvidia resultsLosses were most pronounced in Nvidia’s direct suppliers, such as TSMC and SK Hynix
Source: NBCNewYork - 🏆 270. / 63 Read more »

Asia stocks fall as Nvidia rattles tech, but overall losses limitedAsia stocks fall as Nvidia rattles tech, but overall losses limited
Source: Investingcom - 🏆 450. / 53 Read more »

Asian chipmaking stocks sink tracking Nvidia lossesAsian chipmaking stocks sink tracking Nvidia losses
Source: Investingcom - 🏆 450. / 53 Read more »