Geopolitical Tensions Weigh on Markets
Escalating geopolitical uncertainty over the U.S. stance on Ukraine has added fresh volatility to financial markets. On Friday, U.S. equities briefly plunged as investors reacted to President Donald Trump’s public remarks, which suggested he viewed the war in Ukraine as little more than a card game.
Global equities had a rough week, with markets undergoing a sustained correction. The S&P 500 ended the period down 1.0%, while the MSCI Emerging Markets Index tumbled 4.4% and the MSCI Global Index declined 1.4%.
NVIDIA Stumbles Despite Strong Earnings
NVIDIA, the second-largest U.S. company by market capitalization, saw its stock slump 9% over the past five trading sessions, despite reporting earnings that met market expectations. The chipmaker posted revenue of USD 39.3bn for the quarter, up 78% from the prior year, while net income surged 80% to USD 22.1bn. Looking ahead, NVIDIA expects revenue to hit USD 43bn in the first quarter, reinforcing its strong growth trajectory.
Ukrainian Stocks Hold Firm
Ukrainian equities have yet to fully price in recent political developments. Astarta’s (AST) shares gained 3.6% over the week to PLN 54.50, lifting its market capitalization to USD 329mn. Kernel (KER) also rose 3.6% to PLN 23.50, valuing the company at USD 1.7bn.
STOCKS IN THE NEWS
- Kernel Misses Expectation Posting Net Profit of USD 56mn in Oct-Dec Quarter (-58% YoY)
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