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Asian Shares Rise as Chip Stocks Recover From Selloff
Makkler Newsroom
October 16, 2026 · Based on reporting by The Economic Times, finanzen.net, The Wall Street Journal
South Korean chipmakers gained as the regional benchmark advanced, while U.S. equity futures slipped in early Asian trading.
Key takeaways
- The MSCI Asia Pacific Index rose 0.6%, led by South Korean stocks.
- Samsung Electronics and SK hynix shares were higher in Friday trading.
Asian stocks rose Friday as buyers returned after a chip-stock selloff, lifting the MSCI Asia Pacific Index 0.6%. South Korean shares led the advance, with Samsung Electronics and SK hynix edging higher.
As of 06:30 UTC, Samsung traded at 215,500 won, up 2.62% from its previous close. SK hynix was at 1,272,000 won, up 0.79%.
The rebound followed gains on Wall Street, where the S&P 500 closed 0.3% higher Thursday. U.S. benchmark futures slipped in early Asian trading, with Nasdaq 100 futures down 0.5%.
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
