World shares log modest losses as investors assess impact on AI sector
from the Nvidia scandal
[November 13, 2026] By
CHAN HO-HIM
HONG KONG (AP) — Shares were mostly lower Friday in Europe and Asia, but
losses remained modest as investors assessed how Jensen Huang’s
resignation as Nvidia CEO might affect the global artificial
intelligence industry.
A global outage for Microsoft web services disrupted email accounts and
some other applications worldwide but appeared to have scant direct
impact on markets.
Microsoft said in an update Friday that the outage was affecting a wide
range of Microsoft 365 offerings that interact with its Exchange Online
and email services. Services including Outlook, Teams and AI assistant
Copilot were reported by users to be down.
U.S. futures were little changed.
In early European trading, Germany's DAX edged 0.1% lower, to 26,748.60
and the CAC 40 in Paris also shed 0.1%, to 8,353.98. Britain's FTSE 100
fell 0.1% to 10,856.66.
Japan’s Nikkei 225 rose 0.5% to 61,142.35. Shares of chip equipment
maker Tokyo Electron were up 1.7%, while memory chip maker Kioxia
Holdings dropped 2.3%. OpenAI investor SoftBank Group lost 5.1%.
South Korea’s benchmark Kospi index declined 1% to 5,290.53. Samsung
Electronics, one of South Korea’s most valuable companies, was down 1%.
Memory chipmaker SK Hynix fell 3%.
Taiwan’s Taiex gained 1.4%, with its leading chipmaker TSMC, or Taiwan
Semiconductor Manufacturing Co., adding 0.4%.
The departure of Huang, who co-founded Nvidia and has been a key
architect of its role at the center of the AI boom, has raised questions
about the company's future. Its shares fell 4% after his resignation was
announced. Huang had been the face of Nvidia and was deemed by some in
the industry as bigger than Nvidia itself.
Huang stepped down after his affair with a Chinese tech executive raised
U.S. national security concerns. Nvidia's longtime chief financial
officer, Colette Kress, will be its interim CEO.
A lynchpin of the AI boom, Nvidia trades off with Apple as Wall Street’s
most valuable company and has invested heavily in other AI firms. Market
watchers will be keeping a keen eye out for what Nvidia's woes might
mean for pending public debuts of AI companies, such as Anthropic’s
pending IPO, valued at $1.3 trillion.
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A dealer walks near the screens showing the foreign exchange rates
at a dealing room of Hana Bank in Seoul, South Korea, Friday, Nov.
13, 2026. (AP Photo/Lee Jin-man)
 Share prices for many Asian
companies that make the computer chips, servers and other hardware
used for AI have been closely linked to the speed of AI
infrastructure development in the U.S.
Hong Kong’s Hang Seng index gave up 1.6% to 23,637.60. The Shanghai
Composite index slid 0.6% to 3,634.35.
Australia’s S&P/ASX 200 slipped 0.7% to 9,082.20.
India’s Sensex fell 0.6%.
On Thursday, Wall Street’s benchmark S&P 500 slipped 0.4%. The Dow
Jones Industrial Average dropped 0.4%, while the technology-heavy
Nasdaq composite also declined 0.4%.
Shares of some of Nvidia’s rivals rose on Thursday. That includes
AMD, or Advanced Micro Devices, whose stock rose 5.9%.
Stocks were also under broad pressure as oil prices climbed after
U.S. President Donald Trump said Thursday the U.S. didn't “need a
deal with Iran” even as the conflict in the Middle East drags on.
“We don’t need a deal with Iran,” he posted on social media. “Those
days have long since passed. We’ve got their money, Hundreds of
Billions of Dollars, and we’ve got their Strait!”
Early Friday, Brent crude, the international standard, was up 0.3%
at $96.07 a barrel. It was trading near $72 per barrel in late
February before the Iran war began.
Benchmark U.S. crude edged 0.1% higher, to $88.08 a barrel.
The U.S. dollar rose to 159.92 Japanese yen from 159.84 yen. The
euro was trading at $1.1066, up from $1.1055.
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