Stocks steady after Nvidia turmoil as dollar rises on Fed hike bets
Asian shares steadied after Nvidia's CEO resignation shook the AI sector, while the dollar and Treasury yields climbed on expectations of tighter Fed policy.
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what happened
Asian equities regained some ground on Friday, according to Reuters, after a volatile week that began with reports of personal misconduct involving Nvidia chief executive Jensen Huang. He resigned on Thursday, and the episode hit the chipmaker hard and rattled the wider artificial intelligence industry. Nvidia shares dropped 3% in after-hours trading, and several customers, including South Korea's Naver, also slid.
In currency and bond markets the picture moved the other way. The two-year Treasury yield reached a one-month high, and the dollar gained as traders priced in a higher chance of a sharp 50-basis-point increase from the Federal Reserve. CME FedWatch data showed a 14.5% probability of such a move in December, up from zero a week earlier. The yen stayed near 160 per dollar, and traders watched for possible intervention from Tokyo.
why it matters
Higher yields and firmer Fed expectations typically support the dollar and weigh on bonds and riskier assets. Leadership uncertainty at Nvidia also raises questions about chip export policy and AI infrastructure deals, which analysts at JPMorgan said could become more costly.
market impact
US dollar and Treasuries: tighter Fed expectations support the dollar and pressure bond prices
- US dollar pressure up — higher Treasury yields and bets on tougher Fed policy
- US 2-year Treasuries pressure down — yield hit a one-month high, pushing bond prices lower
- Nvidia shares pressure down — CEO exit raises doubts over deal flow and export policy
tags
instruments
on polymarket
sources
- Stocks recover from Nvidia whiplash, dollar climbs with US yields — Reuters, 13 November 2026 at 01:48 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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