Asian Stocks Rise as Tech Bounces From Rout, Eyes on Warsh
Chipmakers led gains after Jensen Huang defended CoreWeave, while traders awaited Kevin Warsh’s remarks at IMF meetings, with Tokyo up 1.8% and Seoul 2.8%.
- On Friday, October 16, 2026, Asian stocks rebounded as investors returned to AI and chip sector stocks following a heavy selloff in the previous session.
- Concerns about the financial health of data center operator CoreWeave triggered the massive selloff on Wednesday and Thursday, as bond yields soared and investors bailed out of the AI-tech complex.
- Nvidia chief Jensen Huang lifted spirits on Thursday by defending CoreWeave's financial position; CoreWeave shares had tanked 15.5 percent before Huang told Bloomberg, "CoreWeave's strength is improving every day."
- Traders are now focusing on Federal Reserve Chair Kevin Warsh, who is expected to speak at the International Monetary Fund's annual gathering in Bangkok during the day.
- Global markets face a protracted period of volatility as investors await tech company earnings in the coming weeks and attempt to discern the trajectory of US interest rates.
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FTSE 100 Live: Stocks to dip as tech rebounds from sell-off
Welcome back to City AM‘s FTSE 100 live blog. London’s blue-chip index is poised to dip this morning as tech stocks rebound after a sell-off earlier in the week. Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around [...]
Asian stocks rise as tech bounces from rout, eyes on Warsh
Seoul and Tokyo enjoyed healthy gains in early exchanges, with chipmakers SK hynix and Kioxia among the best performers -- having been pummelled Thursday as investors bailed out of the once-dominant AI sector. The selling had been fuelled by forecast-beating US inflation data that ramped up bets on more Fed interest rate hikes, as well as concerns about the financial health of data centre operator CoreWeave owing to its huge debt pile. The New J…
After turmoil in the most volatile part of the stock market, there are signs on Friday that concerns are easing. This is the picture when you look at several of the leading stock indices. In Asia, the Korean Kospi index is up 3.9 percent, after the index had fallen 18 percent in the past five trading days.
welingelichtekringen.nl
Nieuws.nlTOKYO (ANP) - Asian stock markets managed to partially recover on Friday from the sell-off in the chip sector the previous day. Investors were encouraged by statements from Nvidia CEO Jensen Huang, the world's largest seller of AI chips. He dismissed concerns about potential financing problems...
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