Asian stock markets climb after earlier tech rout
Summary
Asian markets rose on Monday after a sharp sell-off last week, with major indexes in Japan, Taiwan, South Korea and Hong Kong gaining. U.S. stock futures also edged higher after Wall Street rebounded Friday, while Nvidia said its board would investigate a reported relationship involving CEO Jensen Huang and a woman accused of being a Chinese spy.Key Facts
- The Nikkei 225 was up 3.45 percent as of 04:00 GMT on Monday.
- Taiwan’s Taiex rose 5.72 percent, and South Korea’s Kospi gained 1.68 percent.
- Hong Kong’s Hang Seng Index increased 0.19 percent.
- S&P 500 futures rose 0.60 percent, while Nasdaq 100 futures gained 0.59 percent.
- Nvidia’s board said an independent inquiry would review available information and that Huang supported the inquiry and would cooperate.
- The article links last week’s $2.5 trillion Wall Street sell-off to concerns that Democratic-controlled legislatures could slow data-center development.
- On Friday, the Nikkei 225 fell about 6 percent and the Kospi about 9 percent; the Hang Seng dropped more than 1 percent.
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