TradingKey

Japanese and South Korean stock markets diverged in afternoon trading, with the KOSPI turning negative to close down 0.98%, while the Nikkei rebounded 0.53% to reclaim the 61,000-point mark.

TradingKey - Leadership changes at Nvidia (NVDA) are driving a new wave of capital reallocation across the semiconductor sector. Following Jensen Huang's resignation as chief executive officer and from the board of directors, investors have begun seeking alternatives that benefit from artificial intelligence capital expenditures without carrying direct exposure to Nvidia's management risk, putting AMD (AMD), Broadcom (AVGO), and TSMC (TSM) in the market spotlight.

TradingKey - On November 12, Eastern Time, Nvidia (NVDA) shares experienced sharp volatility following the sudden resignation of CEO Jensen Huang. NVDA gapped down sharply at the open, touching an intraday low of $148.80 and falling roughly 14% from the previous trading day at one point, before staging a notable rebound to close at $166.19, down 4.34%. Full-day trading volume reached approximately 748 million shares, expanding substantially compared to recent average levels.

Super Micro Computer is under investigation by the Department of Justice for allegedly smuggling products to China, sending its shares tumbling 11%, with the stock potentially falling an additional 25% if the allegations are confirmed.

TradingKey - As of the Asian trading session on November 13, Bitcoin (BTC) extended its decline, briefly falling below $70,000 intraday to reach a low of $69,150, marking a nearly three-month low. Higher-than-expected U.S. inflation data, rising expectations of a December Federal Reserve rate hike, and persistent net outflows from spot Bitcoin ETFs have collectively constituted the primary headwinds facing the cryptocurrency market recently.

XRP has tumbled 25% in a single month amid a relentless slide, putting the battle to defend the key $1 mark under critical pressure.

TradingKey - As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following a sharp drop on Thursday, with the latest price trading near $3,910. On Thursday, gold tumbled 2.76% to close at $3,877.41, confirming a breakdown below the $3,900 mark and touching a low of $3,852.27, hitting a fresh nearly one-year low. The decline in gold was primarily driven by renewed Middle East tensions pushing up international oil prices, coupled with persistently elevated U.S. inflationary pressures, which continue to weigh on gold's short-term trajectory.

Microsoft (MSFT) has pulled back 8% from its all-time high, yet the decline has not stopped, with technical indicators flashing red and warning of a potential further drop of over 10%.

TradingKey - On November 12, the three major U.S. stock indices closed slightly lower. Nvidia announced the immediate resignation of Jensen Huang as CEO and director, which at one point dragged tech stocks sharply lower intraday; however, strength in AMD and Broadcom, fueled by market expectations t

South Korean stocks rallied nearly 3%, with Samsung surging 3.37%, SK Hynix gaining 4.55%, and Kioxia soaring over 5%.

On Thursday, November 12, Eastern Time, U.S. stocks moved lower as investors assessed the impact of Nvidia CEO Jensen Huang's resignation while monitoring the outlook for the Middle East conflict. Nvidia's intraday losses narrowed, but the stock still weighed on the performance of major indexes. At the close, the Dow Jones Industrial Average fell 0.36% to 52,297.09, the Nasdaq Composite Index dropped 0.39% to 25,366.09, and the S&P 500 slipped 0.35% to 7,592.40.

According to Bloomberg, citing people familiar with the matter, merger talks between SpaceX (SPCX) and Tesla (TSLA) have progressed, with a deal potentially being announced as early as December, though an option to delay the announcement until early 2027 has also been discussed. Boards and advisors from both companies are currently in discussions regarding transaction terms, the combined company's governance structure, and other matters.

On November 12 ET, Nvidia (NVDA) shares plunged 14% at the open after Jensen Huang announced his resignation as president, chief executive officer, and board member. Chief Financial Officer Colette Kress was appointed interim CEO, as the board initiated a search for a permanent successor.

On November 12, Eastern Time, Apple (AAPL) shares rose to $359.3, hitting another all-time high. Amid a sell-off in AI-related stocks, lower capital expenditures, stable cash flows, and continuous share buybacks have made Apple a choice for capital seeking defensive positioning in tech stocks. Bernstein noted that the market is pricing Apple like a high-quality consumer company.

On November 12, Eastern Time, spot gold (XAUUSD) dropped more than 3% intraday to $3,864 per ounce, hitting its lowest level since October of last year. Higher-than-expected U.S. inflation data, coupled with successive hawkish signals from Federal Reserve officials, drove the U.S. dollar higher and kept investment demand for gold under sustained pressure.

TradingKey - On November 12, Eastern Time, Nvidia (NVDA) tumbled 14% at the open to a low of $148.8, marking its lowest level since late June 2025, before gradually paring losses. Earlier, the company's board of directors announced that Jensen Huang had resigned as president, chief executive officer, and director, effective immediately. Executive Vice President and Chief Financial Officer Colette Kress was appointed interim CEO while continuing in her existing roles.

TradingKey - On November 12 ET, as of press time, Micron Technology (MU) fell 4.61% in pre-market trading, as a profit-sharing dispute between a Taiwanese labor union and the company continued to escalate.

TradingKey - Nebius (NBIS) shares fell more than 15% in premarket trading on Thursday after the company reported its third-quarter financial results. Despite marked improvements in both revenue and adjusted profit, investors did not focus on the rapid growth.

TradingKey - SpaceX (SPCX) plans to launch the 15th test flight of Starship as early as November 13, Eastern Time. This mission will mark the first attempt to return both the Super Heavy booster and the Starship upper stage to Starbase, Texas, where they are to be caught by the launch tower's mechanical arms.

TradingKey - On November 12, Eastern Time, the three major U.S. stock index futures traded mixed, with tech stocks once again under pressure. As of press time, Nasdaq 100 index futures were down about 0.9%, S&P 500 index futures fell about 0.42%, and Dow futures were virtually flat.