Asian stocks rebound after US tech rout triggered by Democratic midterm win
Briefing by News4U · First published
Asian stock markets rebounded Monday after last week’s tech rout triggered by the Democratic Party’s sweeping victory in the US midterm elections. The Nikkei 225 jumped 3.45 percent, the Taiex rose 5.72 percent, the Kospi gained 1.68 percent and the Hang Seng Index edged up 0.19 percent. Wall Street’s S&P 500 and Nasdaq 100 futures each advanced about 0.6 percent. The rebound followed a $2.5 trillion sell-off on Thursday amid concerns that Democratic-controlled legislatures could slow AI data-centre rollout. [1] [2] [3]
Sources
- BREAKING NEWS: Nikkei stock index jumps over 3% after 3rd largest drop late last week
Kyodo News Business · · Summary only
- Asian stock markets climb after earlier tech rout
Al Jazeera · · Full text
- Asian markets bounce back after a recovery for AI stocks on Wall Street
Japan Today Business · · Summary only