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Asian Stocks Recover From Midterm-Driven Tech Rout While Nvidia Inquiry Weighs on Sentiment
Asian equities rose on Monday as Wall Street's rebound helped the region recover part of last week's heavy losses. The Taiex in Taiwan led the way with a 5.33% gain, while the Nikkei 225 in Japan climbed 3.45%. South Korea's Kospi added 1.68%, Hong Kong's Hang Seng edged up 0.19%, and MSCI's index of Asia-Pacific shares outside Japan gained 0.8%, recovering part of last week's 4.6% drop. The inquiry at Nvidia kept investors wary, with the board opening an independent investigation into chief executive Jensen Huang's relationship with a woman accused of being a Chinese spy.