Asian Stocks Rebound After AI Sell-Off, but South Korea Gives Up Early Gains
New Delhi, Nov. 9 -- Asian stock markets recovered on Monday, November 9, after last week's sharp sell-off in artificial-intelligence shares, but the rebound lost momentum in parts of the region as investors continued to weigh chip demand, technology valuations and the cost of building AI infrastructure.
Japan's Nikkei 225 finished 2.3% higher at 58,775.50, according to an Associated Press market report. South Korea's Kospi, however, reversed its morning advance and was down 0.8% at 5,018.85 in the same account. The divergent moves underscored how quickly sentiment continued to shift after a turbulent week.
Taiwan and Japan lead the recovery
Taiwan's Taiex was up 4.9% in AP's later report, with Taiwan Semiconductor Manufacturing Co. ga...
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