Major Asian equity markets closed the final session of the week in negative territory, pressured by the departure of Jensen Huang from the leadership of Nvidia and by rising oil prices, after US President Donald Trump indicated he does not need a deal with Iran.

The MSCI Asia Pacific index, the regional benchmark, was last down 0.32%, after having risen as much as 1.1% during early trading. In Europe, futures pointed to a negative open, with the Euro Stoxx 50 retreating 0.5%, and a similar trajectory was expected later on Wall Street.

Markets continued to grapple with the fallout from the leadership crisis at Nvidia. The chipmaker’s shares fell more than 14% during Thursday’s session before paring losses to 4.3%, aided by dip buyers who took advantage of the recent sell-off to build positions. Attention has now turned to who will succeed Jensen Huang at the helm of one of the most prominent companies in the artificial intelligence sector.

“It is clear that the Nvidia situation continues to weigh heavily on investors, as does the anticipation of next week’s earnings. There is some pressure as we approach the weekend,” Nick Twidale, chief market analyst at AT Global Markets, told Bloomberg.

Results from one of the world’s most valuable companies are due in a week also marked by the initial public offering of Anthropic. The creator of the Claude AI model is seeking to raise up to $64 billion through its market listing, and early indications suggest it will comfortably achieve that target. According to Bloomberg, demand has already exceeded supply by six times.

Among the major moves across Asia, China’s Hang Seng and Shanghai Composite indices fell 1.64% and 0.59%, respectively, while South Korea’s Kospi dropped 0.98% and Australia’s ASX 200 retreated 0.71%. Japan’s Nikkei 225 bucked the regional trend, advancing 0.53%, buoyed by strong earnings from key companies in the AI sector.