{
  "id": 15003557,
  "title": "Most Asia markets rise as tech bounces from rout",
  "url": "https://urgent.news/2026/10/15/most-asia-markets-rise-as-tech-bounces-from-rout",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/735917/business/most-asia-markets-rise-as-tech-bounces-from-rout"
  },
  "original_language": "en",
  "account": "Asian markets rebounded on Friday following a tech downturn the previous day, driven by worries about the AI boom. Federal Reserve Chairman Kevin Warsh told CNBC that AI offered significant advantages to the global economy, boosting investor confidence. Seoul and Tokyo saw strong early gains, primarily due to chipmakers SK hynix and Kioxia, which had experienced sharp declines on Thursday as investors sold off AI stocks. The recent rally was fueled by a more optimistic outlook on Fed interest rate hikes following US inflation data and relief over CoreWeave's financial health. The data center operator, which had borrowed heavily to fund expensive semiconductor purchases from Nvidia, saw its stock rebound by nearly 6% after CEO Jensen Huang reassured investors of its improving financial position. The positive sentiment towards AI and tech stocks lifted broader markets, with Hong Kong, Shanghai, Singapore, Taipei, Mumbai, Bangkok, and Manila also posting gains. Federal Reserve Chair Warsh emphasized that AI represented the most consequential change to the global economy in his lifetime, predicting beneficial but uncertain effects on economies and countries adopting the technology. However, the chairman also cautioned that the transition period would likely be turbulent due to limited understanding of the technology's market structure. Meanwhile, Jakarta's stock market suffered its worst loss in two decades after MSCI downgraded Indonesia from emerging-market status, citing concerns over shareholder transparency and potential market manipulation.",
  "summary": "Most Asian markets bounced on Friday after the previous day's tech rout fuelled by concerns over the AI boom, which Federal Reserve boss Kevin Warsh said offered huge benefits to the global econo...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}