Asian stocks climb as tech sector stages a recovery

Asian markets rose on Monday, led by a recovery in technology shares that stabilized after recent sell-offs.

South Korea’s Kospi surged 3.5%, powered by chipmakers like SK Hynix. Japan’s Nikkei 225 also gained 1.2%, boosted by AI-related firms such as Tokyo Electron. Other regional indexes in Hong Kong, Australia, and Taiwan also advanced.

This rebound follows a shaky week on Wall Street, where the tech-heavy Nasdaq fell for the first time in four weeks. Major U.S. tech stocks like Alphabet and Broadcom declined, dragging the market.

Compare Top Forex and Crypto brokers and start trading and investing with a trusted partner

Investors are closely watching corporate earnings for signs that high stock valuations are justified. While companies like Expedia saw big jumps on strong results, others like Block fell short of forecasts.

Economic uncertainty persists as a prolonged U.S. government shutdown continues to delay key data on inflation and employment, leaving the Federal Reserve with less information for its future interest rate decisions.