World markets bounce back after a recovery for AI stocks on Wall Street
[November 09, 2026] By
ELAINE KURTENBACH
World shares and U.S. futures advanced Monday after artificial
intelligence stocks recovered some ground lost in last week’s sell-offs.
In early European trading, Germany's DAX climbed 0.6% to 25,974.42, and
the CAC 40 in Paris was up 0.4%, at 8,168.36. Britain's FTSE 100 rose
0.4% to 10,720.81.
The future for the S&P 500 was up 0.3% and that for the Dow Jones
Industrial Average climbed 0.6%.
Taiwan’s Taiex led gains in Asia with a 4.9% jump, thanks to a rebound
in computer chipmaker TSMC, which surged 4.7%.
Regional tech stocks benefited from Friday's rally in the U.S., where AI
stocks got some relief from their sell-offs earlier in the week on
worries that Democratic victories in the midterm elections could slow
construction of AI data centers, particularly in Texas. Voters across
political parties say they are wary about AI and don’t like increases to
power bills caused by data centers.
Investors also are watching to see what the Democrats' sweeping
victories will mean for markets and the broader economy.
Monday trading started out strong in Tokyo, where the Nikkei 225 index
closed 2.3% higher at 58,775.50.
Chip equipment maker Tokyo Electron climbed 2.8%, giving up bigger gains
earlier in the day, while Advantest, which makes testing equipment, was
up 1.3%.
SoftBank Group's shares fell 4.2% as the company maneuvered to salvage a
$5.4 billion robotics deal with Switzerland's ABB that Chinese
regulators have rejected.
In South Korea, the Kospi fell back after rising in the morning,
shedding 0.8% to 5,018.85. Samsung Electronics Corp. gained 0.6% and
chipmaker SK Hynix rose 0.4%. Those are very modest gains for companies
whose share prices have yo-yoed as investors dumped and then snapped up
AI-related shares over the past few weeks.
Elsewhere in Asia, Hong Kong's Hang Seng edged 0.1% lower to 24,448.95.
The Shanghai Composite index added 0.3% to 3,660.79.
Australia's S&P/ASX 200 edged 0.1% higher to 9,029.70.
On Friday, the S&P 500 rose 0.3% and trimmed its loss for the week to
2.7%, which was its worst since U.S. President Donald Trump shook
markets in April 2025 with his “Liberation Day” tariffs. The Dow Jones
Industrial Average dropped 0.5%, and the Nasdaq composite climbed 1.1%.
The relative steadiness halted what had been a worldwide tumble for
stocks. Indexes dropped 6% in Tokyo and in Seoul following Wall Street's
plunge on Thursday.
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A person looks at an electronic display showing Japan's Nikkei index
at a securities firm Monday, Nov. 9, 2026, in Tokyo. (AP
Photo/Eugene Hoshiko)
 Friday’s biggest lift for the S&P
500 came from Nvidia, the chip company that has become the face of
the boom and possible bust of the AI frenzy. Its stock climbed 2.8%,
coming off drops of 9.3% and 3.2%.
Nvidia said Sunday it was opening an investigation into reports that
CEO Jensen Huang was the target of a foreign intelligence effort.
That followed Huang's acknowledgment that he had been intimate with
a business executive who, according to The New York Times, U.S.
intelligence determined was gathering information for China.
During a routine briefing Monday, China's Foreign Ministry dismissed
the spying allegations, calling them a smear campaign against
Beijing.
Nvidia's share price fell 4.1% in premarket trading early Monday.
Nvidia is a central player in the race to develop artificial
intelligence. Its chips power many of the data centers and computing
systems used to train and run AI models. Its advanced processors
have also been a focus of U.S. export restrictions aimed at limiting
China’s access to cutting-edge semiconductor technology.
“The scrutiny surrounding Jensen Huang reaches far beyond a personal
scandal, touching the increasingly sensitive intersection of U.S.
technology leadership, China and national security,” Stephen Innes
of SPI Asset Management said in a commentary.
Despite its recent gyrations, the S&P 500 is only 5.7% below its
all-time high, which was set last month.
A report released Friday showed U.S. employers hired many more
workers last month than economists expected, in the latest signal
that the U.S. economy is chugging along despite high inflation.
In other dealings early Monday, Brent crude oil, the international
standard, slipped 2% to $96.38 per barrel. U.S. benchmark crude fell
1.5% to $89.56 per barrel.
The U.S. dollar slipped to 158.09 Japanese yen from 158.36 yen late
Friday. The euro rose to $1.1188 from $1.1142.
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