Asian stock markets broadly recovered on Friday, led by a rebound in technology and semiconductor shares after a steep selloff in the previous session. Japan’s Nikkei 225 and South Korea’s KOSPI posted significant gains after heavy losses fueled by concerns over the debt financing behind the artificial intelligence boom.
A positive close on Wall Street, where bargain hunters stepped in, supported the recovery. U.S. Treasury yields also retreated, easing pressure on growth-oriented technology stocks.
The selloff began with concerns about the financial stability of AI cloud provider CoreWeave. Sentiment improved after reassuring comments from Nvidia’s CEO and a partial recovery in Nvidia shares.