Asian stock markets moved mixed on Wednesday (11/11/2026) after Wall Street closed lower in the previous session. The pressure on Wall Street came from a slump in Nvidia shares and rising expectations of a Federal Reserve (Fed) rate hike in December.

Market performance

In Asia, Japan's Nikkei 225 edged up 0.1%, while South Korea's Kospi fell 0.22% and Australia's S&P/ASX 200 slipped 0.12%. On Wall Street, the Dow Jones Industrial Average fell more than 150 points in regular trading, while the S&P 500 and Nasdaq Composite lost 0.4% and 0.7%, respectively.

Nvidia shares pressured for a second session

The decline was driven mainly by Nvidia, which dropped 5.5%, under pressure for a second straight session after reports about an alleged link between Nvidia CEO Jensen Huang and a Chinese spy. Over two days, the chipmaker's market capitalization was trimmed to about US$4.07 trillion, the lowest since late March 2026.

US inflation and rate-hike odds

The latest data showed the US consumer price index (CPI) rose 0.4% month on month in October 2026, higher than market expectations. After the release, the odds of a 25-basis-point hike next month rose to about 90% according to the CME Group FedWatch tool. Remarks by Fed Governor Christopher Waller also led market participants to price in a higher chance of a 25-basis-point hike.

BlackRock Global Fixed Income Chief Investment Officer Rick Rieder said inflation still above target will keep the Fed unsatisfied with progress in controlling prices, making a December hike the base case for his firm and the market. He said the question is now more about the size of the increase.

What is being watched today

Investors are also watching artificial intelligence (AI)-related stocks after cloud computing firm CoreWeave reported third-quarter 2026 revenue above analyst expectations; its shares briefly edged higher. The US bond market was closed on Wednesday for Veterans Day, halting trading in US government debt for a day.

Sources

• Bursa Asia Bergerak Bervariasi Imbas Sentimen Wall Street — CNBC Indonesia (Mentari Puspadini), 11 November 2026. https://www.cnbcindonesia.com/market/20261111085655-17-784117/bursa-asia-bergerak-bervariasi-imbas-sentimen-wall-street