Markets
Asian Chip Stocks Rebound and Europe Edges Higher as Nvidia Slips Premarket Ahead of US Inflation Data
Image: Magnascan via Pixabay
Taiwan's Taiex rose 4.9% and the Nikkei 2.3% on Monday, while US futures pointed higher after the S&P 500's worst week since April 2025.
By Emmanuel Cruz ·
Asian chip-related shares rebounded and European indexes opened higher on Monday, Nov. 9, while U.S. stock futures pointed to a firmer start after the S&P 500's worst week since April 2025, The Associated Press reported [1]. Nvidia was the notable exception, falling in premarket trading [1].
In Asia, Tokyo's Nikkei 225 closed up 2.3% at 58,775.50, and Taiwan's Taiex gained 4.9%, the region's biggest advance, with Taiwan Semiconductor Manufacturing up 4.7% [1]. Tokyo Electron rose 2.8% after giving up larger early gains, and Advantest added 1.3%, while SoftBank Group fell 4.2% [1]. South Korea's Kospi slipped 0.8% to 5,018.85, although Samsung Electronics rose 0.6% and SK Hynix 0.4% [1]. Hong Kong's Hang Seng was down 0.1% at 24,448.95, the Shanghai Composite rose 0.3% to 3,660.79, and Australia's S&P/ASX 200 gained 0.1% to 9,029.70 [1]. A Dow Jones Newswires briefing distributed by MarketScreener also described Asian benchmarks as higher [2].
In early European trading, Germany's DAX was up 0.6% at 25,974.42, the CAC 40 in Paris rose 0.4% to 8,168.36, and London's FTSE 100 gained 0.4% to 10,720.81, according to AP [1]. The Dow Jones briefing said European stock futures were roughly flat at the start of the week and noted that the euro was trading near yearly lows against the dollar [2]. In AP's morning figures, the euro bought $1.1188, up from $1.1142 on Friday, and the dollar fetched 158.09 yen, down from 158.36 [1].
U.S. futures were modestly positive in early trading. AP reported S&P 500 futures up 0.3% and Dow Jones Industrial Average futures up 0.6% [1]. Nvidia, however, was down 4.1% in premarket trading [1]. CoinDesk reported that the decline followed reports about the personal conduct of Chief Executive Jensen Huang and that the company has opened an investigation [3]. Stephen Innes of SPI Asset Management told AP: "The scrutiny surrounding Jensen Huang reaches far beyond a personal scandal." [1]
The premarket weakness follows a volatile stretch for the stock. On Friday, Nvidia rose 2.8% after falling 9.3% and 3.2% in the prior two sessions, AP reported [1]. Friday's session ended with the S&P 500 up 0.3%, the Nasdaq Composite up 1.1% and the Dow down 0.5% [1]. For the week, the S&P 500 fell 2.7%, its worst weekly decline since April 2025, and it closed 5.7% below the all-time high it set last month [1].
Energy prices were lower early Monday. Brent crude fell 2% to $96.38 a barrel, and U.S. crude fell 1.5% to $89.56 a barrel, AP said [1].
The pattern in Asia suggests that last week's selloff in artificial intelligence-linked shares has, at least for now, drawn buyers back into chipmakers and equipment suppliers, particularly in Taiwan and Japan. Whether that bounce carries into the U.S. session is an open question, since the sector's largest company is under pressure at the open and Friday's gains came after steep losses earlier in the week.
The main scheduled catalysts are on the economic calendar. The Dow Jones briefing identified U.S. consumer price inflation data on Tuesday and producer prices on Friday as the week's principal U.S. catalysts [2]. Traders will also watch whether Nvidia's premarket decline spreads to other chip stocks once regular trading begins, and whether Asian semiconductor shares hold their gains in Tuesday's session.
Sources:
[1] The Associated Press via KSAT, "World markets bounce back after a recovery for AI stocks on Wall Street", November 9, 2026. https://www.ksat.com/business/2026/11/09/asian-markets-bounce-back-after-a-recovery-for-ai-stocks-on-wall-street/
[2] Dow Jones Newswires via MarketScreener, "EMEA Morning Briefing : Stock Futures Little Changed; U.S. Inflation in Focus This Week", November 9, 2026. https://www.marketscreener.com/news/emea-morning-briefing-stock-futures-little-changed-u-s-inflation-in-focus-this-week-ce785fd3d98ff022
[3] CoinDesk, "Nvidia-led tech selloff weighs on crypto majors: Crypto Markets Today", November 9, 2026. https://www.coindesk.com/markets/2026/11/09/tech-selloff-weighs-on-crypto-majors
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.