09/11/2026
Asian stocks advanced after Wall Street bounced back last Friday, though gains were capped by concerns over an investigation involving Nvidia CEO Jensen Huang.
The MSCI Asia Pacific Index climbed 2.3%, and Japan’s Nikkei 225 rose 3.2%. The US Semiconductor Index jumped 4.2% on Friday as dip buyers stepped in after a selloff fuelled by fears that Democrats would ramp up regulation on the artificial intelligence sector. Taiwan’s stock market strengthened after authorities unveiled measures to shore up investor confidence.
Nasdaq 100 futures opened 1% lower after Nvidia’s board said it would launch a probe into whether Jensen Huang, who has acknowledged infidelity to his wife, had become a target of a foreign espionage plot.
Brent crude fell 0.9% to $97.44 a barrel, amid a CNN report that President Trump said he was “highly unlikely” to order further strikes on Iran should progress be made in nuclear talks. The US dollar weakened against all G10 currencies, while US Treasury prices edged lower.
The Nvidia probe is the latest shock roiling global markets in the wake of a sharp selloff triggered by last week’s US midterm elections. The S&P 500 posted its worst weekly drop since April 2025, and the Nasdaq 100 erased $2.3 trillion in market value on Thursday alone, as investors priced in aggressive AI regulation under a Democratic-controlled Congress.
Japan and Taiwan entered bear markets last week, while South Korea’s top two chip giants, Samsung Electronics and SK Hynix, each lost more than 16%. Still, pockets of demand emerged: capital flowed back into Chinese and Indian equities as investors rotated out of AI-related names.
Taiwan’s Weighted Index rallied as much as 5.1% on Monday, its biggest one-day gain since July, ending a seven-session losing streak. TSMC and MediaTek led the rebound, both rising more than 5%.
The rally came after Taiwan’s market regulator and finance ministry pledged support for investors, including short-selling restrictions effective Monday and preparations to deploy a NT$500 billion (US$15.2 billion) market stabilisation fund.
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