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Nikkei Drops After Reports Nvidia Board Is Preparing to Remove CEO

The swing shows U.S. tech governance headlines can trigger sharp moves and higher trading in Japan's equity markets.

Overview

  • The Nikkei 225 closed at ¥60,819.36, down ¥429.23 from the previous session following the intraday reversal on Nov. 12.
  • Japanese outlets reported that Nvidia's board was preparing to remove CEO Jensen Huang, and markets reacted to those media reports without a company confirmation.
  • The TOPIX finished higher at 3,937.33, reflecting a split market because the two indexes weight stocks differently and large U.S. tech-linked names are concentrated in the Nikkei 225.
  • Trading was brisk with volume around 2,727,540,000 shares, indicating active repositioning by investors as the headlines spread.
  • The move could prolong volatility while traders await any official statement from Nvidia and follow overseas market responses, with New York trading opening little changed on the same day.