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Asian stocks stutter as Nvidia's forecast disappoints

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Asian stocks stutter as Nvidia's forecast disappoints

growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump's policies.

George Boubouras, head of research at Melbourne-based K2 Asset Management, said the market reaction to Nvidia's earnings was partly a result of very high expectations for each quarterly result.Indeed, Nvidia's fourth-quarter forecast indicated the company's revenue growth will slow to roughly 69.5% from 94% in the third-quarter. Demand for the company's AI chips, which dominate the market, remained strong.

Investor focus will also be on Indian conglomerate Adani Group after U.S. prosecutors said on Wednesday that Gautam Adani, billionaire chair of the group, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme. Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease.

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