Shares skid in Asia as Nvidia curbs fan worries, gold surges to record

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SYDNEY: Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S.curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the safe-haven currencies jumped.

The step down in risk appetite is evident via rises in the Japanese yen and Swiss franc.The dollar lost 1.1% to 0.8145 Swiss franc and fell 0.7% to 142.32 yen.

"This disclosure is a clear sign that Nvidia now has massive restrictions and hurdles in selling to China," said Daniel Ives, analyst at Wedbush Securities.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapan

Topics: /Business/Business News Equities Trading Commodities Stock Asia Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 14:36:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 626 words

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Sentences: 26 lines

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Copyright Owner: © The Star

News ID: 27943324

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