10/11/2026
Asian stocks advanced, tracking overnight gains on Wall Street, as rising technology shares and further declines in oil prices lifted risk appetite.
South Korea’s KOSPI jumped 3.9%, leading Asian markets, followed by Japan’s Nikkei 225 and Taiwan Weighted Index. Asian equities as a whole climbed 2%, while benchmark US stock futures were little changed.
On Monday, the S&P 500 posted its biggest single-day gain since April 8. The semiconductor index surged nearly 7%, and the Nasdaq 100 closed 3.4% higher. Even so, Nvidia fell 4.3% after its CEO Jensen Huang came under investigation over reports of an affair with a woman identified in multiple reports as a Chinese spy.
Elsewhere, Brent crude extended losses on Tuesday, having tumbled nearly 6% in the prior session to settle below $93 a barrel. US President Donald Trump said further strikes against Iran were unnecessary while the US remained “on guard”, signalling a gradual de-escalation of the conflict.
The rebound came after a turbulent week marked by sell-offs in chip stocks, driven by fears that a Democratic sweep in the US midterm elections would lead to tighter regulation of the artificial intelligence sector. Falling oil prices have also eased inflation concerns.
On the economic front, investors are awaiting US October consumer price data due on Tuesday, which is expected to show a slower rate of increase compared with September.
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