ASX today, Nvidia CEO resigns, ASX futures down 0.62%

Samso Market Update | Friday, 13 November 2026 | Pre-market 9:45am AEDT

On the ASX today, S&P/ASX 200 futures were down 0.62% at 9,125 at around 7:15am AEDT, the ABC reported. ASX 200 futures, also called SPI futures, trade at their own price, which can sit above or below the index. The 0.62% fall is measured from the futures contract's previous close, so 9,125 cannot be compared directly with Thursday's index close of 9,146.8. Futures point to how the market may open but do not decide it. The Australian dollar was buying 68.08 US cents at 8:03am AEDT (Yahoo Finance data). On Wall Street, Nvidia fell 4.34% on Thursday after chief executive Jensen Huang resigned, and the S&P 500 fell 0.35% (Yahoo Finance data). The ABC said the ASX was set to fall as Nvidia shares dived after Huang's exit.

The S&P/ASX 200 closed on Thursday at 9,146.8, down 6.4 points or 0.07%. The All Ordinaries, which tracks the 500 largest listed companies, fell 0.18% to 9,274.2. The S&P/ASX Small Ordinaries, an index of the companies ranked 101 to 300 by size, fell 0.99% to 3,289.1 (Yahoo Finance data).

ASX today: Key Highlights

• ASX 200 futures were down 0.62% at 9,125 at around 7:15am AEDT, the ABC reported.

• Nvidia said Jensen Huang had resigned as president and chief executive, and named chief financial officer Colette Kress interim chief executive. Its shares closed down 4.34% at US$166.19.

• The Dow fell 0.36%, the S&P 500 0.35% and the Nasdaq Composite 0.39% (Yahoo Finance data).

• December gold futures were down 3.04% at US$3,878.80 an ounce, and January Brent crude was up 3.61% at US$96.11 a barrel.

• The Australian dollar was at 68.08 US cents at 8:03am AEDT (Yahoo Finance data). Trading Economics said it fell on Thursday to its lowest level since late January.

• The chief executives of NAB and Commonwealth Bank appear before a parliamentary committee today, the ABC reported.

Wall Street overnight

The Dow Jones Industrial Average fell 0.36%, or 189.4 points, on Thursday to 52,297.09. The S&P 500 fell 0.35% to 7,592.40 and the Nasdaq Composite fell 0.39% to 25,366.09. These are Thursday's closing prices, taken at 8:05am AEDT (Yahoo Finance data). The Russell 2000, an index of smaller US companies, was down 1.63% at 2,799.98 at 7:51am AEDT, nine minutes before the US close, the latest reading available (Yahoo Finance data).

Nvidia's board said Jensen Huang had resigned as president, chief executive and a director, effective immediately. Nvidia named Colette Kress, its chief financial officer since 2013, interim chief executive, and Harvey Jones the board's first chair. The board will search for a permanent chief executive, and it thanked Huang for his contributions to the company. The release gave no reason for the resignation. The ABC reported that his departure followed revelations of two alleged extramarital affairs, including one with a woman suspected by US intelligence of being a Chinese spy. Nvidia closed at US$166.19, down 4.34% from US$173.73 (Yahoo Finance data). Trading Economics said Nvidia's leadership crisis curbed risk appetite on Wall Street. The company said it will still report its quarterly results on Tuesday 17 November, US time.

Other chip makers were mixed. AMD rose 5.86% and Broadcom rose 5.54%. Micron fell 1.59%. The Philadelphia Semiconductor Index, which tracks chip makers' shares, fell 0.54% to 10,506.67 (Yahoo Finance data).

The US 10-year Treasury yield was 5.10% late in the New York session on Thursday, up about 12 basis points from 4.98% at Tuesday's close (Yahoo Finance data). The US bond market was closed on Wednesday for Veterans Day, under the holiday schedule of SIFMA, the US securities industry body. A Treasury is US government debt. The yield is the yearly return from buying that debt at today's price and holding it until it is repaid. When yields rise, bond prices fall. A basis point is one hundredth of a percentage point. Trading Economics said yields rose on expectations of several Federal Reserve rate rises, after US consumer prices rose more than expected in October.

In US dollar terms, the New York-listed American depositary shares, which represent the company's shares traded in the US, of BHP Group (ASX: BHP) fell 1.87% and those of Rio Tinto plc, the London-listed arm of Rio Tinto (ASX: RIO), fell 1.98% (Yahoo Finance data).

Japan and Asia

The Nikkei 225 closed on Thursday at 60,819.36, down 0.70% from Wednesday's close (Samso's arithmetic on Yahoo Finance data). Trading Economics said the index followed weaker US share futures amid uncertainty over Nvidia's leadership. Hong Kong's Hang Seng fell 1.26% and the Shanghai Composite fell 0.67% (Samso's arithmetic on Yahoo Finance data).

London and Europe

London's FTSE 100 rose 0.25% on Thursday to 10,863.09. Germany's DAX rose 0.41% and France's CAC 40 rose 0.34% (Yahoo Finance data). Trading Economics said company updates lifted the FTSE, including an accelerated £1.5 billion share buy-back from Rolls-Royce.

Currencies

The Australian dollar was at 68.08 US cents at 8:03am AEDT, down 0.39% from 68.35 US cents at 4:30pm AEDT on Thursday (Yahoo Finance 30-minute data). Trading Economics said it fell on Thursday to its lowest level since late January, as rising expectations of a US rate rise strengthened the US dollar. The US dollar was buying 159.88 yen at 8:05am AEDT, up 0.74% on the previous session. The US dollar index, which measures the US dollar against a basket of six major currencies, was at 103.17 late on Thursday, New York time, up 0.25% from Wednesday's 102.91 (Yahoo Finance data).

Commodities

The futures prices below were taken in trading after Thursday's settlement. Settlement is the exchange's official end-of-day price. Each price is compared with Wednesday's settlement for the same contract month (Yahoo Finance data).

December gold futures were at US$3,878.80 an ounce at 7:55am AEDT, 3.04% below Wednesday's US$4,000.50. Spot gold was down 2.65% at US$3,881 at around 7:15am AEDT, the ABC reported. Trading Economics said a stronger US dollar, expectations of further Federal Reserve tightening and rising oil prices weighed on gold. December silver futures were at US$49.88 an ounce, down 3.87% from US$51.88.

December copper futures in New York were at US$6.182 a pound, down 1.47% from US$6.275.

January Brent crude futures, the international oil benchmark, were at US$96.11 a barrel, up 3.61% from Wednesday's US$92.76. December West Texas Intermediate, the US benchmark, was at US$88.92, up 2.76% from US$86.53. Trading Economics said Brent rose after US President Donald Trump said the US no longer needed a deal with Iran.

Iron ore was down 2% at US$90.40 a tonne at around 7:15am AEDT, the ABC reported. Trading Economics gave a different reading, US$91.60 on Thursday, down 0.60%.

Australian company news

Energy World Corporation (ASX: EWC) said at 5:50pm AEDT on Thursday that 2,032,770,152 of its shares, about 53% of the company, were transferred by special crossings on Thursday. A special crossing is a large trade agreed between buyer and seller outside the normal order book. The sellers were two entities associated with the Elliott family, which was previously the largest shareholder. Energy World said the buyers were a small number of institutional investors in Australia and overseas, and that it received no proceeds. Directors Graham Elliott and Brian Allen resigned, effective immediately.

Ramsay Health Care (ASX: RHC) confirmed the dates for the demerger, which distributes its 52.79% holding in Ramsay Santé, the French hospital group, to Ramsay shareholders. Shareholders vote on Tuesday 24 November, and the second court hearing to approve the scheme of arrangement is on Friday 27 November. A scheme of arrangement is a court-approved restructure that needs shareholder approval. If it goes ahead, Ramsay Santé CHESS Depositary Interests, which represent its shares on the ASX, are expected to start trading on a deferred settlement basis on Tuesday 1 December, Ramsay said.

Releases lodged between 8:19am and 8:45am AEDT include Cochlear (ASX: COH), "CMD details, CNA leader change & FY27 guidance reaffirmed", and Lendlease (ASX: LLC), "Lendlease announces bond redemption process". Samso has read only the titles.

Diary

All times AEDT.

• Today. The House of Representatives economics committee questions the chief executives of NAB and then Commonwealth Bank, the ABC reported on Thursday.

• Today. The Australian Bureau of Statistics release calendar lists no releases.

• Tuesday 17 November, 11:30am. The Reserve Bank of Australia publishes the minutes of its November meeting.

• Wednesday 18 November, about 8:20am. Nvidia reports its results for the quarter, as previously scheduled.

Samso Concluding Comments

The ABC linked the expected fall on the ASX to Nvidia's drop after Jensen Huang's resignation. Trading Economics said Nvidia's leadership crisis curbed risk appetite on Wall Street, although the main US indices fell less than 0.4% and AMD and Broadcom rose more than 5%. Trading Economics also linked the rise in oil to US comments on Iran, and the fall in gold to the stronger US dollar and rate rise expectations. Samso will watch technology shares after the Nvidia news, gold miners after the fall in gold, energy shares after the rise in oil, and the banks as their chief executives appear before the parliamentary committee.

Thursday's update is at ASX today, gold miners down 3.59%, G8 Education up 90%, and Wednesday's is at ASX today, GQG down 19.59%, IDP Education up 16.29%.

General information only. This is not financial advice.