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Asian stocks today: Asian equity markets traded sharply higher on Tuesday, tracking a strong overnight rally on Wall Street, where technology shares staged a recovery and falling crude oil prices helped US benchmarks record their best session in seven months. South Korea led the regional advance, while Japanese equities also rebounded after suffering heavy losses in the previous week.
Meanwhile, Indian equity markets remained closed on Tuesday for Diwali-Balipratipada, leaving global cues in focus ahead of the next domestic trading session.
MSCI Inc.’s gauge of regional equities climbed 1.6%. South Korea's Kospi Index jumped more than 5% in early trading, while Japan's Nikkei 225 advanced nearly 4%. A broader gauge of Asian shares rose 1.5%, and futures tracking US benchmark indices edged higher. Among other regional markets, Hong Kong's Hang Seng Index gained 0.31% to 24,517, while Singapore's Straits Times Index slipped 0.04% to 5,257.
The recovery in Japan followed a nearly 6% decline in the Nikkei on Friday, when artificial intelligence-related stocks came under intense selling pressure. Technology investor SoftBank Group surged 14.38% on Tuesday, while semiconductor equipment makers Advantest and Tokyo Electron gained 4.93% and 5.66%, respectively. Memory-chip maker Kioxia also jumped 7.6%, reflecting renewed buying interest in the sector.
The gains across the region followed a strong performance on Wall Street on Monday. The S&P 500 recorded its biggest single-day rally in last 7 months, since April 8, while the Nasdaq 100 ended 3.4% higher. A gauge of semiconductor stocks surged nearly 7%, signalling a broad recovery in chipmakers.
The latest rebound followed a volatile week for technology stocks, with investors concerned that the Democrats' decisive victory in the US midterm elections could lead to tighter regulation of the artificial intelligence industry and slow investment in the sector. The resulting uncertainty had triggered selling in chipmakers, weighing on broader market sentiment.
However, the strong performance on Monday suggested that investors were willing to return to technology stocks despite regulatory concerns. Nvidia was among the exceptions, with its shares falling 4.3% during the US session and around 4.2% in overnight trading. The company remained in focus amid reports surrounding Chief Executive Officer Jensen Huang, including allegations about his relationship with a woman identified in a series of reports as a suspected Chinese spy. Investors appeared to view the developments as largely company-specific rather than a wider threat to the artificial intelligence industry, Reuters reported.
Crude oil prices provided another source of support for equities. Brent crude slumped almost 6% in the previous session to settle below $93 a barrel, while US oil prices held on to losses in Asian trading. The decline followed comments from US President Donald Trump that further strikes on Iran would not be necessary, although he added that the US remained "locked and loaded". The remarks indicated that Washington could be moving towards winding down the conflict, easing immediate concerns over further escalation.
The decline in oil prices has also helped temper inflation fears, which had added to uncertainty across financial markets. Investors will now watch October US consumer price index data, scheduled for release on Tuesday. The report is expected to show smaller price increases than in September and could offer fresh clues about the inflation outlook and the US Federal Reserve's monetary policy.
Indian equity markets remained closed on Tuesday on account of Diwali-Balipratipada. In the previous trading session on Monday, domestic benchmark indices ended marginally higher after moving between gains and losses through the day.
The BSE Sensex closed at 81,106.65, gaining 107.25 points or 0.13% from its previous close of 80,999.40. The NSE Nifty 50 settled at 25,044.65, rising 58.25 points or 0.23% against its previous close of 24,986.40.
With domestic exchanges shut, global developments, particularly the movement in technology shares, crude oil prices, and US inflation data, remained important cues for investors ahead of the reopening of Indian markets.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
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