Business · Markets · 1 hr ago
Asian stocks rise as chip selloff eases
Asian stocks rose as chip shares steadied on Friday, following gains on Wall Street.
The earlier selloff reflected concerns about the AI investment boom and the heavy reliance of market gains on technology stocks.
The MSCI Asia Pacific Index rose 0.6%, led by South Korean shares, while Samsung Electronics and SK Hynix edged higher.
On Thursday, the S&P 500 gained 0.3% after recovering from losses, while the semiconductor index cut its decline to less than 1%.
The rebound matters because investors are watching whether gains can spread beyond AI-linked technology stocks and give markets firmer support.
Traders will also watch for Fed Chair Kevin Warsh's comments in Bangkok for clues about interest rates, and monitor Indonesian and Chinese markets.
Asian equities rose as buyers returned after a selloff in chip stocks linked to concerns about artificial-intelligence investments.
The MSCI Asia Pacific Index advanced 0.6%, led by South Korean stocks.
Samsung Electronics and SK Hynix shares edged higher, while the Philadelphia Semiconductor Index pared its losses to less than 1%.
Wall Street’s S&P 500 closed 0.3% higher on Thursday after erasing earlier losses.
Investors remained cautious about whether the rebound would extend beyond technology shares.
- Who
- Asian equities and chip stocks, including Samsung Electronics and SK Hynix, rose.
- What
- Asian stocks advanced as the chip-stock selloff eased.
- When
- Friday, October 16, 2026, in Asian trading.
- Where
- Asian markets, following gains on Wall Street.
- Why
- Buyers stepped in after concerns about the artificial-intelligence trade fueled a chip-stock selloff.
This story does not have two clearly opposing sides.
The S&P 500 erased losses and closed 0.3% higher, while shares of Taiwan Semiconductor Manufacturing Co. depositary receipts fell 1.8%.
CoreWeave shares rose 4% after falling 12% in the previous session, and the Philadelphia Semiconductor Index pared its losses.
Asian equities rose, with the MSCI Asia Pacific Index advancing 0.6%.
- MSCI Asia Pacific Index
- Advanced 0.6%
- South Korea
- Led regional stock gains
- S&P 500
- Closed 0.3% higher on Thursday
- CoreWeave shares
- Rose 4% after a 12% fall in the previous session
- Philadelphia Semiconductor Index
- Losses narrowed to less than 1% after an earlier fall of as much as 4.4%
2 sources
What people are saying
CoreWeave’s strength is improving every day
I’m optimistic. Their cost of capital is actually decreasing.
After a strong run in AI stocks the past few months, value shares got way too cheap, while tech got quite expensive amid the artificial-intelligence frenzy.
On balance, we think Warsh will talk in a way that does not suggest an October hike