Asia midday: Nikkei up for third day, KOSDAQ surges 5% as AI equities rebound
The rebound in Japanese and Korean chip equities suggests last week's midterm-driven AI sell-off is being treated as overdone, at least for now. Asian technology shares staged a broad rebound on Wednesday, with South Korea's KOSDAQ surging about 5% and Japan's Nikkei climbing for a…
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On the stock market today front, the rebound in Japanese and Korean chip equities suggests last week's midterm-driven AI sell-off is being treated as overdone, at least for now, according to investingLive. Asian technology shares staged a broad rebound on Wednesday, with South Korea's KOSDAQ surging about 5% and Japan's Nikkei climbing for a third straight session, as fresh AI-related data and earnings restored some confidence following last week's sharp sell-off.
Key points
- The Nikkei 225 advanced 0.8% to roughly 60,940 at the midday break, and the broader Topix picked up a similar amount to around 3,925.
- The rally was sharper in the tech-heavy KOSDAQ, which moved higher roughly 5% to near 700.
- The KOSPI climbed around 1.7% to roughly 5,330 in afternoon trade, led by chip and defence equities.
- CoreWeave (earnings here, more here) noted it anticipates to become profitable on an adjusted basis in the first half of 2028.
- SoftBank Group was a notable exception, declining roughly 3% following swinging to a quarterly net loss of about ¥1.1 trillion.
Inside the Stock market today story
The firmer stance in US futures supports that view, in spite of the hot CPI print. The jump in the KOSDAQ points to fast-money and retail positioning returning, which can reverse rapidly if Nvidia disappoints next week. China's underperformance reveals the AI recovery trade is concentrated in the hardware supply chain.
The Nikkei 225 advanced 0.8% to roughly 60,940 at the midday break, and the broader Topix picked up a similar amount to around 3,925. CoreWeave (earnings here, more here) noted it anticipates to become profitable on an adjusted basis in the first half of 2028, and the Wall Street Journal said that OpenAI's quarterly revenue advanced around 50% to $10 billion, even though the business is still posting steep operating losses.
SoftBank Group was a notable exception, declining roughly 3% following swinging to a quarterly net loss of about ¥1.1 trillion. A strategist at a Japanese brokerage noted solid results from Nvidia next week could ease fears about AI and chip earnings and help lift Japan's AI-related shares.
The KOSPI climbed around 1.7% to roughly 5,330 in afternoon trade, led by chip and defence equities, with Samsung Electronics up around 2.4% and SK Hynix roughly 3%. The rally was sharper in the tech-heavy KOSDAQ, which moved higher roughly 5% to near 700.
The focus now shifts to Nvidia's results next week, which are likely to set the stance for AI equities across the region.
Why traders are watching stock market today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-11 04:13 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,750.01 | -1.12% | 74,996.01 | 72,727.27 |
| Ethereum (ETH) | 2,064.47 | -2.34% | 2,132.07 | 2,006.00 |
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Three forecasts that show why BofA thinks the memory chip boom can avoid a 2028 bust or see all of today's top market news.
FAQ
What is the latest stock market today news?
The rebound in Japanese and Korean chip equities suggests last week's midterm-driven AI sell-off is being treated as overdone, at least for now.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
