Stock markets were mostly down across Asia on Thursday morning.
Market reviews by news agencies speculated that the increase in tensions over the war in Ukraine is one of the reasons for the subdued mood. The world’s largest company by market value was cited as the second reason Nvidia’s interim report.
In Japan, the Nikkei 225 ended down 0.9 percent and the Topix down 0.6 percent. South Korea’s Kospi gained 0.1 percent.
The CSI 300, made up of the shares of China’s Shanghai and Shenzhen stock exchanges, was still looking for its direction, running barely in the positive. The main indices of the Shanghai and Shenzhen stock exchanges did the same.
The instruction was not valid
Nvidia, which designs processors, published its third quarter interim report yesterday, in which it was reported that the turnover and result had increased rapidly. The numbers beat analysts’ forecasts.
The company’s guidance for the last quarter of the year did not seem to be valid.
Nvidia estimates that the company will post revenue of $37.5 billion in the fourth quarter, beating analysts’ consensus estimate of $37.1 billion.
However, the upper bracket of forecasts expected that Nvidia’s revenue would reach more than 40 billion dollars. Nvidia’s share price and valuation have risen strongly during the year, so negative news of any kind from the company cannot be tolerated.
Nvidia shares fell 2.5 percent in after-hours trading. The company published its interim report after the close of the New York Stock Exchange.
Source: www.arvopaperi.fi
