Asian Tech Stocks Climb on AI Chip Demand Despite Wall Street Worries

WHO:

ABC News - Taiwan Semiconductor Manufacturing Co. (TSMC), Samsung Electronics, and SK Hynix were among the chipmakers whose shares rose in Asian trading.

ABC News - SoftBank Group reported a quarterly net loss of 1.1 trillion yen ($7 billion).

ABC News - Nvidia fell 5.5%; the article said its board announced an investigation into CEO Jensen Huang after revelations of his affair with a purported Chinese spy. Huang acknowledged the affair and apologized. Trump said the FBI was investigating it.

ABC News - Anthropic, the company behind the Claude chatbot, said it was seeking a valuation of roughly $1.3 trillion.

Bloomberg Markets - Its article title said the Asia tech rally defied SoftBank AI concerns; the article block provided no further specific facts about the rally or SoftBank.

WHAT:

ABC News - Asian markets were mostly higher, with Taiwan’s Taiex up 3.6%, Japan’s Nikkei 225 up 1.3% to 61,248.59, and South Korea’s Kospi up 2.4% to 5,365.75.

ABC News - TSMC rose 3.1% after reporting October revenue nearly sixfold higher than a year earlier. Its board approved up to $1 billion in investment in Anthropic and OpenAI.

ABC News - Samsung Electronics gained 3.4%, and SK Hynix jumped 5.4%.

ABC News - Hong Kong’s Hang Seng fell 1.1% to 24,296.22; Shanghai’s Composite rose 0.5% to 3,680.64. Australia’s S&P/ASX 200 rose 0.3% to 9,153.20, and India’s Sensex rose 0.9% to a six-month high.

ABC News - European shares rose: Germany’s DAX gained 1% to 26,621.01, Paris’s CAC 40 gained 0.6% to 8,331.94, and Britain’s FTSE 100 gained 0.7% to 10,825.97. S&P 500 futures rose 0.6% and Dow futures gained 0.2%.

ABC News - Wall Street fell after higher-than-expected U.S. inflation: the S&P 500 slipped 0.4%, the Dow fell 0.3%, and the Nasdaq Composite sank 0.7%.

ABC News - China’s Singles Day shopping festival began, with sales data expected to provide a gauge of consumer demand.

ABC News - Brent crude rose 0.2% to $91.71 a barrel; U.S. benchmark crude gained 0.1% to $86.12 per barrel.

WHERE:

ABC News - The reported market movements covered Asia, Europe, and the United States; the article identified Taiwan as the regional market leader.

WHY:

ABC News - TSMC’s share rise followed its report of sharply higher revenue, which the article said showed solid demand for AI chips.

ABC News - Higher-than-expected U.S. inflation contributed to Wall Street’s retreat and pressure from the bond market.

HOW:

ABC News - The 10-year U.S. Treasury yield rose to 4.99% from 4.88%; the article said the yield helps set rates for mortgages and other household and business loans.

ABC News - A Federal Reserve official hinted the central bank could raise its main interest rate by double the typical amount at its next December meeting.

(UPDATED November 11, 2026 13:05 UTC)

Asian stocks climbed, led by Taiwan, as chipmakers gained on strong demand for AI chips. TSMC reported October revenue nearly sixfold higher, while Samsung and SK Hynix shares also rose. Wall Street retreated as U.S. inflation topped expectations, pushing Treasury yields higher and raising rate concerns.