Asian Markets Rally Despite Nvidia CEO Espionage Probe
Asian stocks rose on Monday led by Taiwan's Taiex, though gains were tempered by an investigation into Nvidia CEO Jensen Huang regarding a foreign intelligence operation.
Asian stock markets rallied on November 9, 2026, recovering from a week of technology-led losses. Taiwan's Taiex led the surge, jumping as much as 6.4% after the Financial Supervisory Commission and the finance ministry implemented stabilization measures, including raising minimum margin requirements for short-selling to 130% and reducing permitted intraday short-selling volumes to 3%. Japan's Nikkei 225 rose 3.5% and South Korea's KOSPI climbed 1.6%.
Overall growth was tempered by news that the board of Nvidia Inc. launched an independent investigation into whether CEO Jensen Huang was targeted in a foreign intelligence operation. The probe followed Huang's admission of infidelity to his wife. While the board stated there is no evidence that company secrets or U.S. national security were compromised, the news caused Nasdaq 100 Index futures to drop as much as 1% and created volatility for AI-sector investments.
In other global developments, Brent crude prices declined after U.S. President Donald Trump stated it is "highly unlikely" he will order further strikes on Iran if progress is made regarding the nuclear programme and the reopening of the Strait of Hormuz. Investors continue to monitor upcoming U.S. inflation data and Chinese price data to gauge the likelihood of a Federal Reserve rate increase by year-end.
