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🇭🇰 English, 16 October 2026, AI boom

Asian markets bounce back from tech rout

Asian markets recover from previous day's losses, driven by concerns over the AI boom.

Seoul and Tokyo enjoyed healthy gains in early exchanges, with chipmakers SK hynix and Kioxia among the best performers.

The Hang Seng Index was up 1.08 percent at 24,323, in mid-morning trade.

The Shenzhen Component Index was up 0.57 percent in the mid-morning, trading at 11,883, and the Shanghai Composite Index was also up 0.71 percent at 3,733.

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