Asia-Pacific tech stocks fall amid broad declines in the region after Nvidia results

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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

Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results overnight, amid a broader decline in the region's key markets. Rahbari said the results are"really good", but also noting that"For so many quarters, Nvidia had blown out expectations of analysts ... People maybe thinking the runaway train is slowing down a little bit."

 

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