Markets rally after tech crash sparked by Democrats’ sweeping victory in US midterm elections Posted Nov 9, 2026 Nov 9, 2026 listTaipei’s Taiex led the gains, closing up 4.94 percent. In Tokyo, the benchmark Nikkei 225 index rose 2.33 percent, while the S&P/ASX 200 in Sydney rose 0.099 percent. In Seoul, the KOSPI fell 0.8 percent after earlier rising about 1.7 percent. Hong Kong’s Hang Seng Index fell 0.22 percent. “That said, AI demand and adoption remains strong, capex visibility into 2027 remains high, and there has already been a significant valuation reset that is at least partly influencing these concerns,” Chui added. Asia, we see attractive upside potential in both Taiwan and South Korea, although we recognize that downside risks to earnings have increased materially into 2028, widening the range of potential outcomes.” Futures for Wall Street’s benchmark S&P 500 index were up 0.17 percent at 0730 GMT, while those linked to the tech-heavy Nasdaq 100 were down 0.24 percent. fell earlier. following U.S. chip giant Nvidia’s announcement that it would investigate its CEO, Jensen Huang, over a romantic relationship he had with a woman accused of being a Chinese spy. Nvidia’s board of directors said that while it had confidence in Huang and had no reason to believe that the company’s national security or secrets were compromised, an independent investigation would examine “all available information.” The board said Huang supported the investigation and pledged its full cooperation to NVIDIA and its shareholders. The stock market rally comes after U.S. midterm results sparked a $2.5 trillion sell-off on Wall Street on Thursday amid concerns that Democratic-controlled legislatures could slow the rollout of data centers used to boost artificial intelligence. The tech rout spread to Asia on Friday, with the Nikkei 225 and KOSPI falling about 6 percent and 9 percent, respectively, and the Hang Seng Index falling more than 1 percent.
