Asian stock markets rose sharply on Tuesday, led by South Korea’s Kospi index, which jumped 5% and triggered a trading halt. The gains followed a strong rally on Wall Street on Monday, after a week of pressure over concerns about slower data center development following a large Democratic victory in US midterm elections.
Asia extends the rally
Japan’s Nikkei 225 rose 2.72% and Australia’s S&P/ASX 200 added 1.19%. The moves tracked gains on Monday, when the Dow Jones Industrial Average climbed 1,104 points, or 2.2%. The S&P 500 gained 2.4% and the Nasdaq Composite rose 2.7%.
Nvidia shares fell 4% on Monday. The decline came after chief executive Jensen Huang acknowledged on Sunday, 8 November 2026, a romantic relationship with a woman US intelligence officials said was a Chinese Ministry of State Security spy. Nvidia’s board has launched an independent internal investigation.
Oil slides, CPI awaited
Oil prices fell on Monday. West Texas Intermediate futures closed down more than 4%, while Brent futures fell more than 5%.
Investors are watching the US October consumer price index release, scheduled for Tuesday local time. Economists polled by Dow Jones expect headline CPI to rise 0.3% on the month and core CPI to rise 0.2%, compared with September’s readings of 0.6% and 0.3% respectively. The October report will not include an annual inflation figure, because the 2025 US government shutdown prevented the Bureau of Labor Statistics from collecting some data.
Source: US Bureau of Labor Statistics
