Asian Stocks Climb as Wall Street Rebounds and Chip Shares Rally

Asian stocks advanced on November 10 after Wall Street rallied for a second day, while U.S. futures edged up and oil prices declined. Japan’s Nikkei 225 gained 2.9%, South Korea’s Kospi rose 4.4%, and Taiwan’s Taiex climbed. Hong Kong and Shanghai markets also finished higher. Australia’s S&P/ASX 200 added 1.1%; Indian markets were closed for a holiday.

Technology shares were among the strongest performers. SoftBank Group rose 13.9% ahead of its earnings release, while Tokyo Electron gained 6.1% and Advantest 4.6%. Samsung Electronics advanced 4.7%, and SK Hynix climbed 6.7%. Taiwan Semiconductor Manufacturing Co. said October revenue was nearly six times its level a year earlier.

China’s exports increased 35.2% in October from a year earlier, while imports rose 41.6%, customs data showed. The country’s trade surplus for 2026 has already passed $1 trillion.

On Monday, the S&P 500 rose 2.3%, the Dow gained 2.2%, and the Nasdaq composite added 2.7%. Investors had been concerned that Democratic victories in U.S. midterm elections could bring restrictions on AI data centers, slowing construction and demand for related products. High borrowing costs and worries that AI shares are overvalued have also weighed on sentiment.

Investors were watching for October U.S. consumer price data due Tuesday. Inflation was expected to rise to 3.9% from September’s 3.7%, offering a signal about possible Federal Reserve interest-rate moves. Brent crude fell 1.2% to $91.48 a barrel, after President Donald Trump said renewed strikes on Iran were highly unlikely if negotiations made progress.

AI Data Center Fears Put Market Gains and Public Oversight in Focus

Asian markets rose on November 10, led by technology shares, but the rally comes as the AI industry faces renewed scrutiny after Democratic victories in U.S. midterm elections. Investors have worried that governments could restrict data-center construction, curbing demand for AI products and services.

Japan’s Nikkei 225 gained 2.9%, South Korea’s Kospi rose 4.4%, and Taiwan’s Taiex climbed. SoftBank Group advanced 13.9% before its earnings release. Chip-related shares also surged, including Tokyo Electron, Advantest, Samsung Electronics and SK Hynix. Taiwan Semiconductor Manufacturing Co. reported October revenue nearly six times its year-earlier level.

Wall Street had rallied Monday, with the S&P 500 up 2.3%, after concerns about data-center restrictions helped drive earlier losses. The market’s sensitivity shows how much investor optimism depends on continued AI expansion, while high borrowing costs and doubts about inflated AI share prices add risks.

Investors were also awaiting U.S. October inflation figures, expected to show prices rising 3.9% year over year, compared with 3.7% in September. The data could influence Federal Reserve interest-rate decisions. China also posted strong trade figures: exports rose 35.2% and imports 41.6% from a year earlier, with its 2026 trade surplus already above $1 trillion.

Asian Rally Shows the Cost of Threatening AI Data Center Growth

Asian stocks advanced on November 10 as technology shares rallied, while concerns persisted that Democratic victories in U.S. midterm elections could bring government restrictions on AI data centers. Such limits could slow construction and reduce demand for AI-related products and services, adding uncertainty to a sector already facing high borrowing costs and criticism that share prices have climbed too far.

The market gains underscored the importance investors place on continued technology growth. Japan’s Nikkei 225 rose 2.9%, South Korea’s Kospi gained 4.4%, and Taiwan’s Taiex climbed. SoftBank Group advanced 13.9% ahead of earnings, while major chip and equipment companies including Samsung Electronics, SK Hynix, Tokyo Electron and Advantest also rose. Taiwan Semiconductor Manufacturing Co. said October revenue was nearly six times its year-earlier level.

Wall Street’s S&P 500 jumped 2.3% Monday, recovering much of last week’s losses. The gains followed worries that election-driven restrictions could hamper data-center development and the broader AI boom. The prospect of more regulation has become another pressure on investment in an industry that critics already say may be overvalued.

Investors expected October U.S. inflation figures to show a 3.9% annual increase, up from 3.7% in September, with implications for Federal Reserve rate decisions. Meanwhile, China’s exports rose 35.2% and imports 41.6% year over year; its trade surplus for 2026 has already exceeded $1 trillion.