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Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets
Investors weighed a stronger US jobs report and nearly 80% odds of a December Federal Reserve rate hike after a volatile AI-led selloff.
- 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.
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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
·Baltimore, United States
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Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets
Asian markets and US equity futures made a steady start on Monday, wobbling into positive territory after a wild week where doubts about demand for computer chips sent tech-heavy markets in Asia into some of their steepest falls in years.
·London, United Kingdom
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Free Malaysia Today News
Free Malaysia Today NewsAsian stocks steady as AI, Middle East jitters recede
Asian markets and US equity futures made a steady start on Monday (Nov 9), after a wild week where doubts about demand for computer chips sent tech-heavy markets in Asia into some of their steepest falls in years.
·Singapore, Singapore
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Total News Sources34
Leaning Left10Leaning Right5Center13Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
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