TOKYO — Asian shares and U.S. stock futures rose Monday as artificial intelligence stocks clawed back some of last week’s steep losses, the Associated Press reported.
Taiwan’s Taiex led the region with a 5.6% jump, powered by a 5.6% rebound in chipmaker TSMC. Tokyo’s Nikkei 225 gained 3.4% to 59,411.34, with Tokyo Electron up 6.5% and Advantest up 5.1%.
South Korea’s Kospi rose 1.5% to 5,137.22, with Samsung Electronics up 2.7% and SK Hynix up 3.9%. Hong Kong’s Hang Seng edged up 0.2%, and the Shanghai Composite added 0.4%.
SoftBank Group fell 2.9% as it tried to salvage a $5.4 billion robotics deal with Switzerland’s ABB that Chinese regulators rejected, according to the AP.
AI stocks had sold off earlier last week on worries that Democratic victories in the midterm elections could slow construction of AI data centers, particularly in Texas. The AP noted that voters across parties have said they are wary of AI and of higher power bills tied to data centers.
On Friday, the S&P 500 rose 0.3%, trimming its weekly loss to 2.7%, its worst week since April 2025’s “Liberation Day” tariff shock. The Dow fell 0.5%, and the Nasdaq gained 1.1%. Nvidia climbed 2.8% after drops of 9.3% and 3.2%.
Investors are still weighing what the Democrats’ sweep of Congress will mean for markets and the broader economy.
Sources: KTAR News/Associated Press. Thee Arizona Times uses AI-assisted reporting reviewed against the sources listed.
Photo: Syced / CC0 via Wikimedia Commons.
