Nvidia drops 4% amid board probe into CEO's ties with suspected spy

Asian markets rose Monday led by Taiwan, while Nvidia fell 4% in overnight trading after its board launched an investigation into CEO Jensen Huang's relationship with a businesswoman suspected of spying for China. Wall Street futures pointed higher, and oil prices stabilized.

The market recovery continues this morning (Monday) after last week's sharpest declines in over 18 months, amid fears of tighter regulation on the artificial intelligence industry following Democratic victories in the US elections. The Taiwan Stock Exchange leads the gains in Asia with a jump of nearly 5%, supported by a recovery in TSMC and Foxconn stocks. Nvidia stock loses about 4% in overnight trading, following a report that the company's board has opened an investigation into suspicions that CEO Jensen Huang was the target of a foreign espionage plot. Huang apologized to company employees for an extramarital affair. Futures on the leading US indices are rising, and oil prices are stable. Goldman Sachs estimates that panic on Wall Street is at its peak and may signal a recovery.