Asian stock markets climb after earlier tech rout

Asian stock markets have rebounded after last week’s tech rout triggered by the Democratic Party’s sweeping victory in the US midterm elections. Key indexes in Japan, South Korea, Taiwan and Hong Kong made substantial gains on Monday, following a rebound on Wall Street on Friday. Futures for Wall Street’s benchmark S&P 500 index and the tech-heavy Nasdaq 100 were up 0.60 percent and 0.59 percent, respectively.

They had dipped earlier following US-based chip giant Nvidia’s announcement that it would investigate its CEO over a romantic relationship he conducted with a woman accused of being a Chinese spy. Nvidia’s board of directors said that while it had confidence in CEO Jensen Huang and had no reason to believe that national security or company secrets were compromised, an independent inquiry would examine “all available information”. “The Board prioritizes U.S.

national and economic security, which is paramount to the interests of NVIDIA and its shareholders,” the company said.