Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets
MSCI Asia-Pacific shares outside Japan rose 0.8% as investors weighed firmer Fed rate-hike bets and a Nvidia probe into CEO Jensen Huang.
- On Monday, Asian markets and U.S. futures steadied, with MSCI's Asia-Pacific index rising 0.8% after sliding 4.6% last week, as Nvidia launched an investigation into CEO Jensen Huang regarding foreign intelligence contacts.
- Global stocks had been volatile as the AI trade crumbled amid rising interest rates and Democratic victories at U.S. midterm polls, where voters expressed concerns about data center power costs sparking regulation fears.
- Japan's Nikkei index added 2.5%, while Taiwan's benchmark jumped about 2.5% following last week's rout; Nvidia climbed 2.8% on Friday, recovering from previous sharp declines of 9.3% and 3.2%.
- A blowout jobs report on Friday showed U.S. employers added 165,000 jobs in October, bolstering the case for a Federal Reserve rate hike in December, with market expectations for a 25 basis point increase rising to nearly 80%.
- Nvidia's investigation into Huang follows reports of alleged intelligence gathering for Beijing; Stephen Innes, senior analyst at SPI Asset Management, noted the scrutiny highlights the sensitive intersection of U.S. technology leadership and national security.
86 Articles
86 Articles
The Asian stock exchanges operated high this Tuesday, following the recovery on Wall Street after last week's strong wave of losses, while investors await US inflation data for October. Exclusive material for subscribers. To have full access, access the link of the material and register.
Idaho Press
Asian stocks rise after technology shares advance on Wall Street
Asian stocks are higher after U.S. stocks rallied, recovering most of their big losses from last week. U.S. futures edged higher and oil prices fell. China reported its trade surplus for 2026 has already surpassed $1 trillion as both imports…
The Nasdaq Index - which brings together technological values - has won 2.74%, the expanded S&P 500 Index has granted 2.35% and the Dow Jones has increased by 2.15%. "Last week, the downward movement has been excessive," comments AFP Adam Sarhan, an analyst at 50 Park Investments. "During the weekend, the minds have calmed down." The actions of the AI sector were again sought on Monday, erasing part of their losses last week, when the Democrats'…
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