Asian Stocks Rise After Tech Sell-Off, Indonesia Market Hit
Published On 16 Oct, 2026
9 News HD: Most Asian stock markets rose on Friday as investors started buying shares again after a sharp fall in technology stocks. However, Indonesia’s stock market faced a major setback after global index provider MSCI warned that it could lower the country’s market status.
Japan’s Nikkei index rose 1.8%, while South Korea’s KOSPI gained 2.8%. Taiwan’s main stock index also increased by 0.7%, and Hong Kong’s Hang Seng rose 1.1%. The gains helped these markets recover some of their losses from the previous day.
The earlier fall was linked to concerns about CoreWeave, a cloud computing company backed by Nvidia. Investors became worried about the company’s large debt and the cost of financing the growing artificial intelligence industry. These concerns led to a wider sell-off in technology shares.
On Friday, some investors returned to the market, helping share prices recover. However, experts warned that markets could remain unstable as investors watch technology company earnings and changes in interest rates.
Indonesia faced a different situation. Its main stock index fell around 11% after MSCI said it was preparing to lower the country’s market status from emerging market classification. The move raised concerns that international investors could pull money out of Indonesian stocks.
The Indonesian rupiah also weakened against the US dollar, adding to pressure on the country’s financial markets.
The latest market movements show that investor confidence remains uncertain. While several Asian markets recovered, concerns about AI-related debt and Indonesia’s market status continued to affect global financial sentiment.
Investors are now watching for further updates from MSCI and major technology companies to understand how markets may move in the coming days.
