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Asian stocks rebound after last week's tech sell-off
Al Jazeera reported Monday that major Asian indexes rose after Friday's Wall Street rebound, following a midterm-driven tech rout last week.
- New headline Was: “Asian stock markets climb after earlier tech rout”
- Our desk filed its story
Asian stock indexes rose Monday after last week's technology sell-off, Al Jazeera reported, following a rebound on Wall Street on Friday1.
As of 04:00 GMT, Japan's Nikkei 225 was up 3.45 percent, Taiwan's Taiex was 5.72 percent higher, South Korea's Kospi was up 1.68 percent and Hong Kong's Hang Seng Index was up 0.19 percent, the outlet said1.
Futures on the S&P 500 and Nasdaq 100 were up 0.60 percent and 0.59 percent, respectively, Al Jazeera said1.
The rebound followed a U.S. midterm result that, Al Jazeera said, prompted a $2.5 trillion sell-off on Wall Street on Thursday amid concerns that Democratic-controlled legislatures could slow data-center construction used for artificial intelligence1.
That sell-off spilled into Asia on Friday, with the Nikkei 225 and Kospi falling about 6 percent and 9 percent, respectively, and the Hang Seng dropping more than 1 percent, according to the report1.
Al Jazeera said S&P 500 and Nasdaq 100 futures had dipped earlier Monday after Nvidia said it would examine its chief executive over a romantic relationship with a woman accused of being a Chinese spy1.
Nvidia's board said it had confidence in CEO Jensen Huang and had no reason to believe national security or company secrets were compromised, while an independent inquiry would examine all available information, Al Jazeera reported1.
The company said Huang supported the inquiry and pledged his full cooperation, and that the board prioritizes U.S. national and economic security as paramount to Nvidia and its shareholders1.
