Markets React to Huang News
from Bloomberg Daybreak: Asia Edition Hosted by Bloomberg
Business and finance news from the Asia-Pacific. Nvidia CEO Jensen Huang admitted to having an affair with a woman suspected of being a Chinese spy, prompting the Nvidia board to launch an investigation. Huang disclosed the romantic relationship in a memo to employees, saying "I was unfaithful to my wife" and that his actions hurt his family, and he is deeply sorry. The incident has sparked concerns about the stewardship of Nvidia, with the board investigation set to examine reports that Huang "has been the target of a foreign intelligence effort". The markets reacted to the news, in addition to the US midterm results. For more Bloomberg TV Host Annabelle Droulers spoke with Sean Darby, Mizuho Securities Asia Managing Director. Also, UBS is hosting its annual Australasia Conference in Sydney, bringing together corporate leaders, policymakers, economists, and institutional investors. It was here that Bloomberg TV Host Heidi Stroud-Watts was able to sit down with UBS CEO Sergio Ermotti.
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