Global Markets Rise Amid Nvidia Intelligence Probe

Global stock markets rose on Monday as artificial intelligence stocks recovered from a period of volatility. Taiwan's Taiex jumped 4.9 percent, driven by a 4.7 percent surge in TSMC, while Tokyo's Nikkei 225 closed 2.3 percent higher. The rebound follows market concerns that Democratic midterm election victories in the United States could slow AI data center construction in Texas due to public opposition to rising power costs.

Market gains were tempered by an investigation launched by Nvidia into reports that CEO Jensen Huang was targeted by a foreign intelligence effort. The probe follows reports that Huang maintained a relationship with an executive whom U.S. intelligence identified as gathering information for China. The Foreign Ministry of China dismissed these allegations as a "smear campaign against Beijing."

In Japan, SoftBank Group shares fell 4.2 percent. The company is currently attempting to salvage a $5.4 billion robotics deal with ABB after regulators in China rejected the agreement.