Asia Markets Set to Open Lower After Wall Street Pullback on Nvidia Slump

Asia Markets Set to Open Lower

Asia-Pacific markets were set to open mostly lower on Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.

Market Trends

The decline in U.S. stocks was led by Nvidia, which reported a quarterly earnings beat but saw its shares fall due to concerns over the company's future growth prospects. The stock's decline had a ripple effect on the broader market, with the S&P 500 and Dow Jones Industrial Average both falling by over 1% overnight.

Impact on Asia Markets

The decline in U.S. stocks is likely to have a negative impact on Asia markets, with many countries closely tied to the performance of their U.S. counterparts. The Nikkei 225 in Japan, the Kospi in South Korea, and the Nifty 50 in India are all set to open lower on Friday, with the Nikkei 225 expected to fall by over 2%.

Analysts' Views

Analysts are attributing the decline in U.S. stocks to concerns over the company's future growth prospects, as well as the impact of the ongoing trade tensions between the U.S. and China. "The decline in Nvidia's shares is a concern for the broader market, as it suggests that the company's growth prospects may be weaker than expected," said one analyst.

Conclusion

The decline in U.S. stocks is likely to have a negative impact on Asia markets, with many countries closely tied to the performance of their U.S. counterparts. Investors are advised to remain cautious and monitor the situation closely.

Sources

[2] Asia markets set to open lower after Wall Street pullback on Nvidia slump