Asia stocks falter with Nvidia in focus, China leaves rates unchanged

Regional markets took little strength from a positive overnight session on Wall Street, which was spurred largely by gains in NVIDIA Corporation surged over 8% to a record high after local media reported the retailer’s founding Ito family was preparing to take the firm private by the end of the current fiscal year.Shares of Nvidia’s Asian suppliers were a mixed bag on Wednesday, with focus on the chipmaker’s third-quarter earnings.

Broader Asian stocks were mostly lower. Risk appetite was also dented by increased concerns over the Russia-Ukraine war, especially after Moscow lowered its threshold for carrying out nuclear retaliation.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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