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Asian Stocks Bounce Back as Technology Sector Rebounds from Recent Selloff
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Moneycontrol•14-10-2026, 06:47
Asian Stocks Bounce Back as Technology Sector Rebounds from Recent Selloff
- •Asian stocks recovered from two days of losses driven by a rebound in technology shares and expectations that the Federal Reserve may moderate interest rate hikes.
- •MSCI Inc.’s Asia Pacific equities index advanced 0.2%, with chipmakers SK Hynix Inc. and Samsung Electronics Co. gaining over 2% each in Seoul trading.
- •New York Fed President John Williams indicated no need for further monetary tightening in 2027, easing market pressures ahead of US consumer price inflation data.
- •US oil prices rose 0.9% to nearly $95 a barrel, extending gains due to heightened uncertainties surrounding energy shipments from the Middle East.
- •Indian stocks gained momentum following comments from Finance Minister Nirmala Sitharaman regarding discussions on transaction taxes to boost capital inflows.
Key Questions Answered
Asian stocks rebounded on expectations that the Federal Reserve may not need to aggressively raise interest rates next year, following comments from New York Fed President John Williams that he sees no need for further tightening in 2027.
Leading memory chipmakers SK Hynix Inc. and Samsung Electronics Co. both gained more than 2% in Seoul trading as technology shares drove the regional market advance.
US oil rose 0.9% to nearly $95 a barrel and global benchmark Brent climbed to $106.60 amid a flare-up in Middle East attacks that increased uncertainty regarding energy shipments from the Persian Gulf.
