Business · Markets · 50 mins ago
Asian markets mixed as chip demand offsets US inflation concerns
Asian stock markets moved in different directions on Wednesday after US shares fell the day before.
Taiwan led regional gains, and Taiwan Semiconductor Manufacturing Co.
rose after saying its October revenue was nearly six times higher than a year earlier.
That result pointed to strong demand for AI chips, while shares in chipmakers Samsung Electronics and SK Hynix also rose.
Wall Street fell after US prices rose more than expected in October, adding to concern that inflation is not cooling fast enough.
Investors increasingly expect the Federal Reserve to raise interest rates in December, though the size of any increase remains uncertain.
Higher rates can slow inflation, but also make borrowing more costly and weigh on stocks.
Investors were watching AI-related shares, while sales during China’s Singles’ Day shopping festival could offer a gauge of consumer demand there.
Asian markets were mixed on Wednesday after U.S. stocks fell amid higher-than-expected inflation data and pressure on Nvidia shares.
Taiwan’s Taiex rose 2.1%, while Hong Kong’s Hang Seng fell 0.7% and Shanghai’s Composite fell 0.3%.
U.S. inflation in October strengthened expectations that the Federal Reserve could raise interest rates in December.
Nvidia fell 5.5% on Tuesday, as reports about its CEO weighed on the chipmaker’s shares.
Reports differed on some Asian market moves, including Japan’s Nikkei and South Korea’s Kospi.
- Who
- Asian and U.S. investors and markets.
- What
- Asian markets were mixed after Wall Street fell, with inflation and Nvidia shares weighing on sentiment.
- When
- Wednesday, November 11, 2026, following Tuesday’s U.S. trading.
- Where
- Asian markets and Wall Street.
- Why
- Higher-than-expected U.S. inflation increased expectations of a Federal Reserve rate increase, while Nvidia shares fell.
This story does not have two clearly opposing sides.
U.S. consumer prices rose 0.4% from the previous month, above market expectations.
U.S. stocks fell, with Nvidia dropping 5.5% and the S&P 500 declining 0.4%.
Asian markets traded mixed as investors weighed the U.S. inflation report and rate expectations.
- Taiwan Taiex
- Rose 2.1%
- Nvidia
- Fell 5.5% on Tuesday
- U.S. October CPI
- Rose 0.4% month to month
- December rate-increase odds
- About 90% for a 25-basis-point increase, according to CME Group FedWatch
- Hong Kong Hang Seng
- Fell 0.7% to 24,381.84
3 sources
What people are saying
Despite some technical uncertainty, inflation higher than desired should keep the Fed dissatisfied with the unsatisfactory progress in controlling inflation, making a Fed Funds rate increase in December our and the market’s base case