Asian stocks rebounded Friday, following gains on Wall Street, as investors bought shares after a technology selloff fueled by concerns about the artificial-intelligence trade. The rebound came after a sharp decline earlier in the week, with major indexes across the region recovering some of their losses. Traders cited improved sentiment as U.S. equities staged a partial recovery, easing fears of a broader market downturn.
The technology sector, which had been hit hard by profit-taking and valuation concerns, showed signs of stabilization. Nasdaq futures pointed to a higher open, supporting the risk-on mood in Asia. Analysts noted that while volatility remains elevated, the market is seeking a new balance after the AI-driven rally.
Investors are now closely watching upcoming economic data and corporate earnings for further clues on the sustainability of the recovery. The focus remains on whether the AI trade can regain momentum or if the recent selloff marks a longer-term shift in market dynamics.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing