Live: ASX to fall as Nvidia shares tumble following CEO exit
Australian shares are poised to open lower after Nvidia shares tumbled following CEO Jensen Huang's resignation. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Australian shares are set to open lower after Wall Street wavered, with Nvidia shares plunging following the resignation of CEO Jensen Huang.
His departure follows revelations of two alleged extramarital affairs, including one with a woman suspected by US intelligence of being a Chinese spy.
Meanwhile, Microsoft platforms, including Outlook, has been hit by a widespread outage.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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In case you missed it, you can catch finance presenter David Chau's wrap of yesterday's finance news below.
He covers the latest on Nvidia. Meanwhile, the ASX ended Thursday slightly lower, and the Australian dollar dropped to 68.4 US cents.
Good morning all and happy end of the work week!
Lin Lin here to take you through the next few hours.
Overnight, Nvidia CEO Jensen Huang has resigned following revelations of two alleged extramarital affairs, one involving a woman suspected by US intelligence of being a Chinese spy.
This morning, Reuters has reported that Huang also had an intimate relationship with a second, unnamed Nvidia employee, citing two people familiar with the matter.
Meanwhile, if you're waking up and having trouble with your Microsoft outlook, that's because a widespread global outage has hit its platforms.
As of about 4:30am AEST, more than 120,000 users on outage tracker Downdetector reported problems accessing Outlook.
It's only 7 am and it's already shaping up to be another busy day in the world of business and markets.
- nvidia
- ceo
- share
- asx
- tumble
- exit
- jensen
- huang
