Asia-Pacific stock markets mostly rose on Friday, with South Korea’s Kospi index leading the gains at 2.6 percent. Japan’s Nikkei 225 rose 1.46 percent, while Australia’s S&P/ASX 200 slipped 0.79 percent. By our market data, the Nikkei 225 stood at 60,819.36 points at the 12 November close, down 0.70 percent on the day.
Nvidia leadership change weighs on sentiment
One of the reported relationships involved a woman US intelligence believes is a Chinese spy. Chief financial officer Colette Kress was named interim chief executive, and the board is seeking a permanent successor.
Analysts estimate Nvidia’s shares could correct by as much as 20 percent following the departure.
Oil climbs as Iran talks stall
Brent crude rose more than 3 percent during Thursday’s session and closed at $95.82 a barrel. The move followed comments by Donald Trump that the United States did not need a deal with Iran.
Traders had also been watching the US producer price index for October, due on Friday. Dow Jones survey respondents forecast a 0.4 percent monthly rise and a 6.6 percent annual increase.
Wall Street on track for strong week
US indices were on track for weekly gains, possibly their best since early August. The Nasdaq was up 3.2 percent for the week, while the S&P 500 was projected to gain 2.9 percent. The Dow Jones Industrial Average was set for a gain of almost 2 percent.
Related: Kospi jumps 5%, halts trading as Asia tracks US rally · Nvidia board opens probe into Jensen Huang, CEO stays on
Data: Nikkei Inc.
