Asian tech stocks broadly advanced on Monday (9th), recouping losses from last Friday (6th), while the market also focused on the investigation involving NVIDIA CEO Jensen Huang.

Taiwan equities led Asian markets higher, with the Taiwan Stock Exchange Weighted Index at one point surging 6.7%. It closed up 1,960 points, or 4.9%, at 41,661. TSMC (2330.TW) and Hon Hai Precision Industry (2317.TW) drove the market higher, with TSMC closing up 4.7% and Hon Hai rising 6.5%.

Other chip stocks in the region also went up, with South Korea's Samsung Electronics and SK Hynix gaining 0.6% and 1.4%, respectively, by the close. Both companies are suppliers to NVIDIA.

According to reports, South Korea's Second Vice Minister of Science and ICT, Ryu Je Myung, said that Seoul expects deliveries of contracted NVIDIA GPUs to remain unaffected despite the controversy.

Ryu also said the ministry is closely monitoring developments and discussing pricing and delivery schedules with NVIDIA Korea.

Although NVIDIA shares rose during trading last Friday, Reuters reported on Monday that NVIDIA futures on the Hyperliquid exchange and after-hours share trading on the Blue Ocean system indicated the stock was trading at about USD180.3 per share, around 3.4% below last Friday's Nasdaq closing price of USD186.64.
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AASTOCKS Financial News
Website: www.aastocks.com

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