Asian stock markets ended mixed on Friday, Nov. 13, a day after Nvidia announced the resignation of Chief Executive Jensen Huang. Tokyo's Nikkei 225 closed up 0.5 percent at 61,142.35, while Hong Kong's Hang Seng fell 1.6 percent to 23,637.60, AFP reported.

Seoul's Kospi fell 1.0 percent to 5,290.53, and the Shanghai Composite lost 0.6 percent to 3,634.35, according to AFP.

Winners and losers

Tokyo and Taipei finished higher, AFP reported, as did Bangkok and Jakarta. Seoul, Hong Kong, Shanghai, Sydney, Singapore, Wellington, Manila and Mumbai ended lower.

In New York on Thursday, shares of Chinese tech companies that use Nvidia chips fell: Alibaba dropped 7.1 percent in U.S. trading, and Tencent fell 2.6 percent earlier, Reuters reported.

Nvidia itself had closed down 4.3 percent on Thursday after falling nearly 12 percent during the session, according to Reuters. In after-hours trading the shares were up about 1 percent, AFP reported. On Wall Street, the S&P 500 closed down 0.35 percent.

The yen

The dollar rose back above 160 yen for the first time since the start of September, AFP reported, on bets that the Federal Reserve will keep raising interest rates into the new year. The move renewed speculation that Japanese authorities might step in to support their currency.

AFP also quoted the dollar at 159.86 yen. The euro was at $1.1060 and the pound at $1.3230.

The rate expectations behind the move are visible in U.S. Treasuries. The 2-year yield rose to 4.867 percent on Thursday, its highest since Oct. 14, Reuters reported. The Fed's target range is 3.75 percent to 4.00 percent, and its next meeting is Dec. 8-9. Fed funds futures priced in 29 basis points of increases for December, according to Reuters.

The dollar index hit its highest level since April 2025 on Wednesday, and the dollar climbed with U.S. yields on Thursday, Reuters reported.

Washington and Tehran

AFP reported that President Trump called on Vice President JD Vance to focus on domestic issues rather than negotiations with Tehran, a signal of fading interest in a deal. On Thursday, Trump said on Truth Social that the United States does not need a deal with Iran, CNBC reported, and Treasury yields rose after his remarks, according to Reuters.

In Asian trading on Friday, U.S. crude was down 0.6 percent at $88.25 a barrel and Brent was down 0.1 percent at $95.70, AFP reported.

Europe

London, Paris and Frankfurt opened lower, according to AFP. At midday, London's FTSE 100 was down 0.2 percent at 10,840.32.

On Thursday, the pan-European index rose 0.14 percent to 664.01 after touching a record 666.58 during the session, Reuters reported, while the MSCI all-country world index fell 0.44 percent.

For investors with money in the region, Friday's split mattered more than any average. A portfolio weighted to Tokyo ended the week's last Asian session higher; one weighted to Hong Kong did not.