Asian Shares Split and European Stocks Slip From a Record as Nvidia's Turmoil and Fed Hike Bets Weigh on Friday
Tokyo gained while Seoul surrendered an early 2% jump and Hong Kong fell. In Europe the STOXX 600 eased from a record as Richemont sank 6.5% and Wise rose, with the yen near 160.
Friday, November 13, 2026/2 min read
Asia and Europe began Friday trying to work out what a leaderless Nvidia means for the artificial-intelligence trade, and they did not agree. Tokyo rose, Seoul gave back an early surge of about 2 percent, Hong Kong fell, and European stocks slipped from a record high set the day before. This is a snapshot of the morning as it stood, not a close.
The backdrop was a Wall Street session that ended lower on Thursday after Jensen Huang's resignation from Nvidia, plus a rising bet that the US Federal Reserve will raise interest rates again next month.
How are Asian stocks trading on Friday?
Early moves in the Associated Press report showed Japan's Nikkei 225 up 0.5 percent at 61,142.35 and Taiwan's Taiex up 1.4 percent, while South Korea's Kospi was down 1 percent at 5,290.53, Hong Kong's Hang Seng down 1.6 percent at 23,637.60, the Shanghai Composite down 0.6 percent and Australia's S&P/ASX 200 down 0.7 percent.
By the afternoon in Asia the picture had shifted, according to investingLive. The Nikkei was up about 0.8 percent near 61,300 after a midday gain of about 1.4 percent. The Kospi had reversed an early 2 percent gain to trade roughly 0.7 percent lower near 5,300, with SK Hynix down more than 2 percent and Samsung Electronics down about 0.6 percent. The Hang Seng was off about 1 percent and the Shanghai Composite up about 0.2 percent.
Why is the yen near 160 and what are bond yields doing?
Rate worries were the second theme. The dollar traded near 159.9 yen, and Japan's finance minister Satsuki Katayama warned against one-sided, rapid currency moves, investingLive reported, without commenting on intervention. Japan's 10-year government bond yield rose about 7 basis points to around 2.87 percent as US Treasury yields climbed, with the US 10-year near 5.13 percent. New York Fed president John Williams said inflation remains stubbornly high, and markets priced a high chance of a quarter-point hike on 9 December.
What are European stocks doing on Friday morning?
The pan-European STOXX 600 was down 0.2 percent at 662.51 points at 0858 GMT, retreating from a record close of 664.01 on Thursday, Reuters reported via Investing.com. Technology shares fell 0.9 percent, with chipmakers Infineon and Aixtron each down about 2 percent.
Luxury was the weak spot. Richemont fell 6.5 percent after weaker-than-expected second-quarter jewellery sales, and the luxury sector lost about 2 percent. Money transfer firm Wise rose 4.7 percent after reporting a 23 percent rise in first-half net revenue. The index was still on course for a weekly gain of more than 2 percent, its best since June, and Goldman Sachs raised its 12-month target to 700 from 695.
What is oil doing this morning?
Brent crude was near $95.7 a barrel and US crude near $88.4 in Asian trading, slightly lower, investingLive said, after jumping on Thursday. Reuters said tanker attacks in the Strait of Hormuz were continuing and dampening hopes of an early end to the US-Iran conflict. Our earlier oil report covers Thursday's inventory data.
With Wall Street's open still hours away, Nvidia, rate bets and oil are likely to set the tone through the weekend.
Published in The Outspoken Digest
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