Japan and Taiwan rebound, but Asia's recovery is uneven
Tokyo gains 2.33% and Taipei adds 4.94%; South Korea slips as the technology rebound faces another test.
Japanese and Taiwanese stocks rallied Monday after last week's technology selloff, but the recovery did not extend across every Asian market. Japan's Nikkei 225 closed 2.33% higher, while Taiwan's Taiex gained 4.94%. South Korea's Kospi finished about 0.8% lower.
The gains followed Friday's rebound in U.S. technology shares. They offer some relief after a volatile week, without establishing that concerns about AI spending, financing and regulation have passed.
A rebound with limits
European shares edged higher in early trading, while Nvidia remained a pressure point for technology investors. The chipmaker's board has opened an independent investigation into reports that chief executive Jensen Huang was targeted by a foreign intelligence effort.
The board says it has no reason to believe national security or company secrets were compromised. That is its assessment, not a completed investigation. Sunday's Chain, Crude & Chips sets out the announcement and its limits.
For the U.S. session, the test is whether the rebound can spread beyond a few technology-heavy markets. An Asian closing gain is already recorded; the direction of Wall Street's cash session is still ahead.
