Asian markets retreat as investors await key Nvidia earnings

November 18, 2025 / 9:25 AM

Sharjah24-AFP: Asian markets fell on Tuesday, reflecting declines on Wall Street as investors reassessed high valuations in the technology sector. The slump comes ahead of Nvidia’s closely watched earnings, due on Wednesday, which are expected to clarify the strength of the artificial intelligence boom that has driven global markets to record highs this year.

Concerns are mounting that the large amount of capital flowing into AI might not deliver quick returns, putting more pressure on already fragile sentiment. Persistent inflation and signs of a weakening US labour market have also heightened uncertainty over whether the Federal Reserve will move forward with an interest rate cut next month.

Investor sentiment hit by hedge fund exit

Markets endured another setback after reports revealed that Peter Thiel’s hedge fund had sold its Nvidia stake, valued at approximately $100 million. The move intensified worries about the longevity of tech-sector valuations.

Focus shifts to US retailers and jobs report

The focus now shifts to major US retailers reporting this week, as investors seek clues on consumer demand. The delayed US September jobs report, expected on Thursday, is poised to play a key role in shaping expectations for a potential December rate cut.

Broad declines across Asian markets and Bitcoin

Asian markets saw broad declines, with significant drops in Tokyo, Sydney, Seoul, Taipei, Hong Kong, Shanghai, Singapore, and Wellington. Bitcoin also fell, trading around $91,300 and losing its gains for the year.