Australian Markets Slide as Nvidia CEO Resigns
Australian shares and the dollar fell on November 13 following the resignation of Nvidia CEO Jensen Huang and shifting US-Iran diplomatic tensions.
Australian financial markets declined on November 13, 2026, as global risk sentiment soured. The S&P/ASX 200 fell 0.91 per cent to 9063.4, and the Australian dollar dropped to 68.02 US cents, marking its lowest value since January.
Market volatility was primarily triggered by the resignation of Jensen Huang, the Chief Executive of Nvidia. This leadership change dampened the recovery of artificial intelligence stocks and coincided with rising global bond yields. Geopolitical instability further pressured markets after President Donald Trump removed JD Vance from negotiations with Iran, a move interpreted as a lack of urgency in reaching a diplomatic deal.
These events caused Brent crude prices to rebound to approximately $US96 a barrel, while gold prices reached 13-month lows near $US3883 an ounce. In domestic corporate news, footwear retailer Accent reported a nearly four per cent slump in like-for-like sales, and Cochlear Limited announced that Lisa Aubert, the president of its North America business, is departing the company.
