Nov. 9 (CandyPulse) — After one of the roughest weeks for tech stocks this year, Asian markets came roaring back on Monday. Taiwan's Taiex led the charge with a gain of roughly 5.6%, as chipmakers clawed back much of last week's AI-driven sell-off.
Key takeaways
| Market | Monday move | Notes |
|---|---|---|
| Taiwan Taiex | about +5.6% | TSMC rebound led gains |
| Japan Nikkei 225 | about +3.4% (early) | Chip-equipment stocks surged |
| South Korea Kospi | +1.5% to 5,137.22 | Partial recovery |
| Hong Kong Hang Seng | about +0.2% | Muted |
| Shanghai Composite | about +0.4% | Muted |
Last week's slide started on Wall Street. After the U.S. midterm results, investors worried that new Democratic-controlled legislatures could slow the buildout of AI data centers, and roughly $2.5 trillion was wiped off U.S. stock values on Thursday. Asia felt it on Friday: Korea's Kospi fell sharply, with reports putting the drop between about 7% and 9%, and the Nikkei lost around 6%.
Then U.S. stocks rallied on Friday, and that relief carried into Monday's Asian session.
Not so fast. A one-day bounce doesn't settle the bigger question investors keep asking: when do the giant AI investments start paying off? This week brings earnings from AI-linked names including CoreWeave, Applied Materials and Cisco Systems, and those reports will show whether demand is holding up.
There's also a macro cloud. Strong U.S. jobs data has pushed up bets on another Fed rate hike, which tends to weigh on high-growth tech; read Fed hike bets near 80% after strong jobs data.
Tech stocks and crypto often move together when investors swing between "risk-on" and "risk-off." A calmer AI trade can help sentiment across digital assets too. Keep an eye on our Bitcoin price today page, and for the AI side of crypto, see how the CANDY ecosystem is building AI agents.
Watch this week's AI earnings and Tuesday's U.S. inflation data. If both come in friendly, Monday's rebound could have legs; if not, last week's volatility may return.
More from today's markets:
For crypto readers, see live numbers on our Bitcoin price today and crypto prices today pages, the Crypto News Today desk, and the Sunday CANDY Weekly roundup.
Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.
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