Asian Chip Stocks Sell Off With Taiex Down 2.6% on Nvidia Report as European Shares Hit a Record and UK Growth Beats

Single-stock moves were sharp. Nissan fell 5.22 percent after a 96 percent drop in second-quarter operating profit and a lower sales forecast, Naver fell 5.89 percent after third-quarter operating profit dropped 20.9 percent, and JYP Entertainment rose more than 20 percent on record quarterly revenue of 267.5 billion won. Sapporo Breweries rose 5.72 percent on a share buyback of up to 10 billion yen.

What are European stocks doing on Thursday?

They are higher, with a split underneath. According to an Investing.com report on Yahoo Finance, published at 08:37 UTC, the STOXX 600 rose 0.4 percent to an all-time high, the DAX gained 1.1 percent, the CAC 40 0.6 percent and the FTSE 100 0.3 percent. Semiconductor and enterprise software stocks that had rallied on Wednesday turned largely lower, and Nvidia's Frankfurt-listed shares fell 7.4 percent.

Euronews put the STOXX Europe 600 Technology index down 1.3 percent shortly after 09:00 Central European Time, with ASM International down 2.9 percent, STMicroelectronics 2.6 percent and ASML 2.5 percent at the open. Rolls-Royce reiterated its 2026 underlying operating profit guidance of 4.7 billion to 4.9 billion pounds and announced an interim 1.5 billion pound share buyback, CNBC reported.

Did UK growth beat expectations?

Yes, in the month, and the quarter matched forecasts. CNBC reported from the Office for National Statistics that UK gross domestic product grew 0.7 percent in the third quarter, in line with the Reuters poll, up from 0.5 percent in the second quarter after revision. September alone rose 0.2 percent against forecasts of no growth, and August was revised to zero. Services grew 0.9 percent in the quarter, and information and communication rose 2.1 percent, which the ONS linked to AI and cloud computing businesses. Construction fell 0.7 percent.

The pound slipped 0.2 percent against the dollar and gilt yields barely moved, the report said. Markets priced about a 73 percent chance, on LSEG data, that the Bank of England raises rates again in December, after it lifted them last week for the first time in three years. Finance minister John Healey pointed to stand-out resilience despite the US-Iran war, while J.P. Morgan's Scott Gardner warned the strength will be tested by pre-Budget nerves and Middle East uncertainty.

The next test comes when Wall Street opens: whether Nvidia's board says anything that settles the shares Asia just sold, and whether Europe's record survives the chip selling.