Asian stock markets' sell-off sentiment eases, Taiwan stocks close up nearly 5%, led by semiconductor shares.

BlockBeats news, November 9 — Asian stock markets saw selling pressure ease markedly and some markets turned to a rebound, after last week's record sell-off in US tech and AI sectors (market value once evaporated by about $3 trillion).

South Korea's KOSPI index closed down 39.91 points, a decline of 0.79%, at 5,019.78 points. The Nikkei 225 index surged 1,340.73 points, a gain of 2.33%, closing at 58,775.50 points. Taiwan's weighted index performed particularly strongly, surging 6.6% at one point during the session, the largest single-day gain since July, and closing up nearly 5%. TSMC, which accounts for nearly 40% of the weighting, rose more than 7% in early trading, leading semiconductor stocks in driving East Asian markets higher. Investors re-bought tech stocks after last week's sharp correction.

Overall, some Asian stock markets on Monday did not extend last week's sharp sell-off, with sentiment recovering somewhat, creating a certain foundation for a subsequent tech stock rebound.