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Asian stocks bounce as AI, Mideast jitters recede; dollar firm on Fed bets
HONG KONG: Asian markets and US equity futures had an upbeat start on Monday, edging into positive territory after a wild week when tech-heavy markets in Asia suffered some of their steepest falls in years over AI. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 2% after sliding 4.6% last week. Japan’s Nikkei index added 3.5%, while Korean shares climbed 1.8%. Taiwan’s benchmark rose more than 6% after notching up its steepest weekly drop in two decades last week, when fears about AI profitability and infrastructure demand sparked a rout following wins by Democrats at the US ...
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