Asian markets rebound after tech rout sparked by US midterms
Briefing by News4U · First published
Asian markets rebounded on Monday after last week’s tech rout triggered by Democrats’ sweeping victory in US midterm elections. Hong Kong’s Hang Seng Index opened 143 points, or 0.59 percent, higher at 24,625, while the Shanghai Composite rose 9 points to 3,659 and the Nikkei gained 526 points to 57,960. Seoul’s Kospi was the sole decliner at the open. Analysts cited upcoming US tech earnings and regulatory risks as lingering concerns. [1] [2]
Sources
- Hang Seng Index climbs amid tech caution
RTHK Finance · · Excerpt
- Asian stock markets climb after earlier tech rout
Al Jazeera · · Summary only