Asian markets bounce back after a recovery for AI stocks on Wall Street
Tokyo Electron and TSMC led a regional rebound as AI stocks recovered some of last week’s losses, lifting major Asian indexes.
- On Monday, Asian shares advanced as artificial intelligence stocks rebounded from last week's sell-offs, with the Nikkei 225 index gaining 3.4% to 59,411.34.
- Regional tech stocks benefited from Friday's U.S. gains, providing relief from last week's sell-offs sparked by concerns that Democratic midterm victories could slow AI data center construction.
- Taiex led regional gains with a 5.6% jump as TSMC surged 5.6%, while Tokyo Electron gained 6.5% and Advantest rose 5.1%.
- Nvidia confirmed Sunday it opened an investigation into reports that CEO Jensen Huang was the target of a foreign intelligence effort.
- The scrutiny surrounding Huang involves the "increasingly sensitive intersection of US technology leadership, China and national security," Stephen Innes of SPI Asset Management noted.
20 Articles
20 Articles
Asian markets bounce back after a recovery for AI stocks on Wall Stree
Asian shares and U.S. futures advanced Monday after artificial intelligence stocks recovered some ground lost in last week’s sell-offs. Taiwan’s Taiex led gains with a 5.6% jump, thanks to a rebound in computer chipmaker TSMC, which also
The leading indices in Asia are reversing their declines from last week. Monday's trading started with a broad uptrend.
The leading indices in Asia are reversing last week's decline and are swinging upwards in many directions during early Monday trading.
On the morning of November 9th, Asian stock markets mostly rose after a volatile week. In Japan, the Nikkei 225 opened up 1,179.56 points (2.05%) at 58,614.33 points. Global stocks plummeted due to concerns about the outlook for AI data centers. The US President blamed the Democratic Party for the stock market decline. US stocks plunged, with technology and data center stocks under pressure.
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