{"id":74236,"date":"2026-11-05T22:08:15","date_gmt":"2026-11-06T02:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-ceo-summoned-to-congress-amid-espionage-concerns-asian-markets-under-pressure\/74236\/"},"modified":"2026-11-05T22:08:15","modified_gmt":"2026-11-06T02:08:15","slug":"nvidia-ceo-summoned-to-congress-amid-espionage-concerns-asian-markets-under-pressure","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-ceo-summoned-to-congress-amid-espionage-concerns-asian-markets-under-pressure\/74236\/","title":{"rendered":"Nvidia CEO Summoned to Congress Amid Espionage Concerns; Asian Markets Under Pressure"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> CEO Jensen Huang<\/strong> has been summoned by top <strong>US House Republicans<\/strong> for a closed-door briefing on <strong>November 18<\/strong> following reports of a Chinese espionage operation targeting the company.<\/li>\n<li><strong>US equity futures<\/strong> showed resilience in early trading, with <strong>Nasdaq 100 futures rising 0.6%<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> E-minis<\/strong> flattening after erasing earlier losses.<\/li>\n<li><strong>China&#39;s 10-year government bond yield<\/strong> plummeted to <strong>1.581%<\/strong>, hovering near historic lows as sovereign bond futures reached record highs amid persistent economic weakness.<\/li>\n<li><strong>Japan&#39;s Prime Minister Sanae Takaichi<\/strong> proposed utilizing proceeds from the <strong>Bank of Japan&#39;s<\/strong> accelerated <strong>ETF sales<\/strong>\u2014estimated to reach <strong>\u00a5860 billion ($5.5 billion)<\/strong> annually\u2014to fund national economic security initiatives.<\/li>\n<li><strong>Taiwan&#39;s currency<\/strong> weakened to <strong>33.04 against the US dollar<\/strong>, even as the Deputy Finance Minister maintained that the nation&#39;s economic fundamentals remain stable.<\/li>\n<\/ul>\n<h2>US Lawmakers Target Nvidia Over China Ties<\/h2>\n<p>Key Republican lawmakers have requested that <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) CEO <strong>Jensen Huang<\/strong> appear before Congress to address national security concerns. The request, led by the chairs of the House committees on <strong>China, Foreign Affairs, and Intelligence<\/strong>, follows a <em>New York Times<\/em> report alleging that a Chinese espionage operation targeted Huang through a relationship with an executive at <strong>Megaspeed<\/strong>, a Singapore-based cloud firm.<\/p>\n<p>Lawmakers are specifically investigating whether the <strong>People&#39;s Republic of China (PRC)<\/strong> gained unauthorized access to sensitive US technology. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) has denied the allegations, stating that its interactions with customers are routine and that no trade secrets or national security information were compromised.<\/p>\n<h2>US Futures Rebound Despite Tech Volatility<\/h2>\n<p>US stock futures staged a recovery in early Friday trading after a sharp sell-off in the previous session. <strong>Nasdaq 100 futures<\/strong> gained <strong>0.6%<\/strong>, while <strong>S&amp;P 500 futures<\/strong> remained flat, recovering from a <strong>1.4%<\/strong> drop.<\/p>\n<p>The rebound was supported by a modest recovery in semiconductor stocks during after-hours trading. Advanced Micro Devices (<a href=\"\/stock\/AMD\">AMD<\/a>) rose <strong>2%<\/strong> and <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>) climbed <strong>4%<\/strong>, providing a temporary reprieve after the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> shed over <strong>1,800 points<\/strong> on Thursday.<\/p>\n<h2>China Bond Yields Hit Historic Lows<\/h2>\n<p>In Asian debt markets, <strong>China&#39;s 10-year government bond yield<\/strong> fell to <strong>1.581%<\/strong>, reflecting a flight to safety as domestic economic data continues to disappoint. The <strong>manufacturing PMI<\/strong> fell to a three-month low of <strong>49.3<\/strong> in October, signaling a contraction in industrial activity.<\/p>\n<p>The yield decline coincided with <strong>10-year sovereign bond futures<\/strong> reaching a fresh record high. Investors are increasingly betting on further monetary easing from the <strong>People&#39;s Bank of China (PBOC)<\/strong> to combat deflationary pressures and sluggish growth.<\/p>\n<h2>Japan and Taiwan Navigate Regional Uncertainty<\/h2>\n<p>Japanese Prime Minister <strong>Sane Takaichi<\/strong> is eyeing a massive windfall from the <strong>Bank of Japan (BoJ)<\/strong> to fund her &quot;economic security&quot; agenda. The BoJ recently announced it would more than double its annual <strong>ETF sales<\/strong> to <strong>\u00a5860 billion<\/strong>, which could generate an additional <strong>\u00a5800 billion<\/strong> in annual revenue for the government&#39;s budget.<\/p>\n<p>Meanwhile, <strong>Taiwan&#39;s currency<\/strong> fell to <strong>33.04 per greenback<\/strong>, its weakest level in recent sessions. Despite the currency slide, Deputy Finance Minister <strong>Ruan Jhing-ru<\/strong> emphasized that the island&#39;s economic position is &quot;strong and stable,&quot; likely aiming to soothe investor nerves amid heightened regional geopolitical tensions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia CEO Jensen Huang has been summoned by top US House Republicans for a closed-door briefing on November 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