Overview
- The Dow fell 245.96 points to 48,458.05 on Dec. 12, and the Nasdaq slid 398.69 points to 23,195.17 as investors reassessed AI-driven gains.
- Reuters reported that Nvidia is considering expanding production of its H200 chip to meet expected demand from Chinese buyers after export clearance.
- President Trump on Dec. 8 authorized H200 exports to China and said the U.S. will collect a 25% fee on those sales.
- Chinese regulators have not formally approved H200 imports and were reported to be holding emergency meetings on a response.
- The yen traded around ¥155–156 per dollar and Japan’s Nikkei closed at 50,836.55, up 687.73, while the Federal Reserve’s Dec. 10 rate cut helped limit U.S. stock losses.