Asian Markets Rebound on Tech Surge as TSMC and SoftBank Ride AI Revival Hopes

Asian equities advanced on Tuesday, November 10, tracking Wall Street’s rebound and led by a powerful rally in technology shares. Sentiment got a particular boost from Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, which reported October revenue almost six times higher than a year earlier – a figure that reignited optimism around global AI hardware demand.

In Japan, SoftBank Group – a key investor in OpenAI and other AI ventures – surged nearly 14% at one point, underlining how strongly regional markets are still positioned around the AI theme despite last week’s global tech sell‑off. Yet the backdrop remains fragile: in the U.S., concerns that AI leaders had entered bubble territory triggered a sharp correction after the midterm elections, highlighting the gap between lofty expectations and the slower‑moving reality of regulation and data‑center build‑outs.

Investors across Asia are also bracing for this week’s U.S. inflation data, which could reset interest‑rate expectations for the Federal Reserve and, in turn, valuations for growth stocks. Analysts caution that the latest rebound has a strong “technical bounce” element after last week’s heavy losses, and that AI‑linked good news now has to be weighed against persistent risks from higher-for-longer rates and potential policy crackdowns.