Asian markets rally as tech stocks rebound, Kospi surges over 5%

November 09, 2026 (MLN): Asian markets opened higher on Tuesday, with technology stocks leading gains as investors stepped in to buy shares following recent declines, while a sharp drop in oil prices and a strong overnight rally on Wall Street further boosted market sentiment.

South Korea's benchmark Kospi surged 5.09%, while the tech-heavy Kosdaq Index advanced 4.73%. Japan's Nikkei 225 climbed 2.78%, while the broader Topix index gained 1.77%. Australia's S&P/ASX 200 also traded higher, rising 1.19%, according to CNBC.

The gains across regional markets followed a strong performance on Wall Street, where major U.S. indices rallied on Monday. The Dow Jones Industrial Average advanced 1,104 points, or 2.2%, while the S&P 500 gained around 2.4%.

The Nasdaq Composite also climbed 2.7%, supported by a recovery in technology shares.

The rebound came after a volatile week in which concerns over a potential slowdown in data centre investment weighed on technology stocks.

However, Nvidia remained an exception to Monday's broader recovery, with its shares falling 4% following reports concerning its chief executive, Jensen Huang, and an alleged foreign intelligence effort. The company's board has initiated an independent internal investigation.

Lower oil prices also provided support to equities, easing concerns over inflationary pressures. U.S. West Texas Intermediate crude futures settled more than 4% lower on Monday, while Brent crude futures declined over 5%.

Investors are now turning their attention to the U.S. October Consumer Price Index (CPI) report, scheduled for release on Tuesday, which could provide fresh clues about the inflation outlook and the Federal Reserve's monetary policy direction.

Economists surveyed by Dow Jones expect monthly headline inflation to rise 0.3%, while core CPI, excluding food and energy, is projected to increase 0.2%.

Both readings would represent a slowdown compared with September, when headline and core inflation rose 0.6% and 0.3%, respectively.

However, the October report will not include annual inflation figures due to data collection disruptions caused by the 2025 U.S. government shutdown, which left the Bureau of Labor Statistics without comparable data.

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