Asian Stocks Rebound After 18-Month Selloff as Taiwan Leads on Confidence Measures
Updated
Updated · Bloomberg · Nov 9
Asian Stocks Rebound After 18-Month Selloff as Taiwan Leads on Confidence Measures
3 articles · Updated · Bloomberg · Nov 9
Summary
Asian stocks climbed Monday after their worst selloff in more than 18 months, with Taiwan leading regional gains as authorities rolled out steps to restore investor confidence.
Crude oil fell at the same time, reinforcing the risk-on mood after Friday’s rebound in US equities drew dip buyers back into markets.
US stocks had swung sharply last week on fears that tighter Democratic Party regulation of the AI industry could hurt the sector.
US index futures extended gains Monday even after Nvidia’s board disclosed an investigation into whether CEO Jensen Huang had been targeted in a foreign espionage plot.