Asian Stocks Set to Rise After 5.5% Weekly Slump as US Chip Shares Jump 4.2%
Updated
Updated · Bloomberg · Nov 8
Asian Stocks Set to Rise After 5.5% Weekly Slump as US Chip Shares Jump 4.2%
3 articles · Updated · Bloomberg · Nov 8
Summary
Asian equity futures pointed higher early Monday, with contracts in South Korea and Taiwan advancing after last week’s sharp regional selloff.
A 4.2% jump in a US semiconductor gauge and Friday gains in US stocks helped lift sentiment, while Nasdaq 100 and S&P 500 futures turned higher after earlier declines.
That rebound follows a 5.5% drop in the MSCI Asia Pacific Index last week, leaving traders sensitive to any sign the AI-driven equity trade is stabilizing.
Fresh uncertainty around Nvidia still clouds the outlook, tempering the boost from stronger US equities and chip shares.