tech
Asia chip-linked shares recover after U.S. peers bounce back
In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.
TL;DR
- Asian technology stocks rebounded, following gains in Wall Street's AI-linked names.
- SK Hynix climbed 6.44% and Samsung Electronics gained 3.38% in Seoul.
- Japanese semiconductor equipment makers also advanced.
- SoftBank shares extended their slide, dropping 2%.
- U.S. chip stocks powered gains on Monday, lifting the S&P 500 and Nasdaq Composite.
- Market volatility is anticipated through the week due to the SpaceX IPO and potential AI listings.
- OpenAI has confidentially filed for an IPO, following Anthropic.