Taiex Tumbles After Nvidia’s Q2 Earnings Fail To Meet Investor Expectations

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Taiwan's benchmark index, the Taiex, tumbled after Nvidia Q2 earnings failed to meet investor expectations. While the company's performance beat forecasts, it was not enough to satisfy U.S. shareholders. The Taiex closed down 0.75% on Thursday, with electronics stocks suffering the brunt of the drop.

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00:00Taiwan's stocks closed down on Thursday after U.S. chip giant NVIDIA's quarterly earnings
00:06failed to live up to investor expectations.
00:09Taiwan's benchmark index, the TAIX, was down by 0.75 percent by the end of trading.
00:15The electronics sector dropped nearly 1 percent.
00:18NVIDIA has continued to beat forecasts, but following its second quarter earnings report,
00:23U.S. shares in the company dropped by almost 10 percent.

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