Asia Stocks Close Lower as Taiex Falls 2.63 Percent in Nvidia Chip Selloff

Asian stock markets mostly closed lower on Thursday, November 12, 2026. Taiwan was hit hardest. The Taiex fell 2.63 percent to close at 43,091.87 as chip and AI hardware shares dropped across the region.

The selloff followed reports that Nvidia's board is weighing the removal of chief executive Jensen Huang. The Wall Street Journal reported that Nvidia shares tumbled over 8 percent in after-market trading in the United States and Nasdaq futures fell 0.9 percent. Orbit Post covers the Nvidia board story in its own article. This article covers only the Asia market close that followed.

Taiwan leads the fall

TSMC, the largest stock in the Taiex and Nvidia's contract chipmaker, fell 2.3 percent to NT$2,340. Server and hardware makers fell harder. Quanta fell 6.5 percent and Wiwynn fell 6.6 percent. The Taiex close was a move of 2 percent or more, the sharpest fall among the Asian boards that had finished trading on Thursday.

Tokyo and Seoul close lower

Japan's Nikkei 225 closed down 429.23 points, or 0.70 percent, at 60,819.36. It was the Nikkei's first fall in four trading days. The broader Topix rose 0.20 percent to 3,937.33, the only finished board in the region to gain. In Tokyo, Advantest fell 4.6 percent and SoftBank Group fell 3.0 percent.

South Korea's Kospi closed down 0.61 percent at 5,342.73. SK hynix lost 1.8 percent. Naver lost 6.4 percent after its results. Samsung Electronics gained 1.0 percent, which limited the Kospi fall compared with Taiwan.

China, Hong Kong and Australia

China's Shenzhen Component closed down 1.68 percent at 11,197.98. The Shanghai Composite closed down 0.67 percent at 3,655.83. Australia's S&P/ASX 200 closed down 0.07 percent at 9,146.80. Six of the seven Asian indices whose sessions had ended fell on Thursday. Japan's Topix was the only finished board to gain.

In Hong Kong, the Hang Seng was down 1.28 percent at 3:01 p.m. Hong Kong time, with Alibaba down about 7 percent. That Hang Seng figure is an intraday snapshot, not a close, and it is reported here as an intraday figure only.

Reports differed slightly on Nvidia's after-hours fall in the United States. One report put it at about 7 percent, while the Wall Street Journal put it at over 8 percent. Both figures are reported here with their sources, and the difference does not change the Asia closes, which come from the exchanges.

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