Asian Markets Rebound After Tech Selloff; Investors Eye Australia’s Trade Data

Asian stock markets moved higher on Thursday, with Japan and China leading the recovery as fears over inflated tech valuations started to cool. Traders also focused on Australia’s latest trade figures for further market direction.

The rebound followed a sharp global downturn earlier in the week, triggered by a tech-led selloff on Wall Street that weighed on markets across Asia.

U.S. stocks ended higher overnight, while futures were mostly steady as of 04:07 GMT.

Asia Recovers After Sharp Losses
Japan’s Nikkei 225 rose 1.5% after a 2.5% drop in the previous session, while the broader TOPIX index gained 1.4%.

UBS analysts noted that some profit-taking was expected after strong recent gains in Japan’s equity markets.

In China, the CSI 300 index advanced 1.4%, supported by renewed buying in major tech and consumer shares.

Hong Kong’s Hang Seng index climbed 1.6%, with semiconductor and AI-related stocks leading the way. The Hang Seng TECH index gained over 2%.

Chinese chip stocks also benefited from a Reuters report suggesting Beijing plans to restrict the use of foreign-made AI chips in state-funded data centers.

South Korea’s KOSPI recovered 1.3% after falling sharply by 6% on Wednesday.

Analysts said the pullback seen earlier was likely a short-term correction as markets adjusted after an extended rally.

Meanwhile, attention turned to Washington, where the U.S. Supreme Court began hearings on the legality of tariffs introduced by former President Donald Trump. The outcome could have significant implications for global trade policy.