Tech bounces, Asian stocks rise
Most Asian markets bounced on Friday after the previous day's tech rout fuelled by concerns over the AI boom, with traders also awaiting comments from Federal Reserve boss Kevin Warsh at the IMF's annual gathering. Seoul and Tokyo enjoyed healthy gains in early exchanges, with chipmakers SK hynix and Kioxia among the best performers – having been pummelled Thursday as investors bailed out of the…
Asian markets experienced a rebound on Friday following a tech sector decline driven by concerns over the AI boom, as traders eagerly anticipated remarks from Federal Reserve Chair Kevin Warsh at the IMF's annual meeting. Seoul and Tokyo saw significant gains early in the day, with chipmakers SK hynix and Kioxia among the top performers, recovering from a sharp drop on Thursday as investors moved away from the once-dominant AI sector.
The Hang Seng Index rose 1.08% to 24,323, the Shenzhen Component Index increased 0.57% to 11,883, and the Shanghai Composite Index climbed 0.71% to 3,733.
Brief written by urgent.news from RTHK News - Finance's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Most Asian stocks rise as calm returns after CoreWeave shock; Indonesia faces market downgrade brecorder.com
- Most Asian stocks rise as calm returns after CoreWeave shock; Indonesia faces market downgrade investing.com
- Global Market Today: Asian stocks advance as selloff in chips eases economictimes.indiatimes.com
- Stock Market LIVE: GIFT Nifty signals positive open; Asian markets rebound as tech shares recover business-standard.com
