Asian technology stocks surged Tuesday, tracking a rebound on Wall Street overnight as a sharp decline in oil prices lifted sentiment while renewed buying in chip names spilled over into Asia, following last week’s bruising sell-off. Japan’s technology investment giant SoftBank Group surged 12%, South Korean chipmaker SK Hynix jumped 8.01%, while Samsung Electronics rose 5.32%. The gains followed a strong session on Wall Street, where the tech-heavy Nasdaq Composite climbed 2.74%, while the S&P 500 rose 2.35% to clock its best day since April 8:

ASIAN STOCKS CLIMBED, TRACKING WALL STREET HIGHER AFTER A RALLY IN TECHNOLOGY SHARES AND A SLUMP IN OIL PRICES DROVE U.S. BENCHMARKS TO THEIR BEST DAY IN SEVEN MONTHS, WITH SOUTH KOREA’S KOSPI JUMPING MORE THAN 5% AND JAPAN’S NIKKEI 225 RISING NEARLY 3% IN EARLY TRADING, WHILE A BROADER GAUGE OF ASIAN SHARES ADVANCED 1.5%

Asian tech benchmarks fell into bear market territory Friday as a selloff in AI-related stocks erased $2.5T from the Nasdaq 100. $QQQ $SMH $EWT A blue sweep in the U.S. midterm elections sparked fears that tighter regulation could slow massive AI data center construction. Friday's moves: SoftBank = down ~11% $TSM = down 5%, pulling Taiwan's benchmark index into a bear market TSMC: Profitability grade = A+ Gross margin = above 65% Revenue growth = over 36% Forward PEG ratio = 0.46 Seeking Alpha Quant Rating for TSMC: Strong Buy. Seeking Alpha Quant Rating for SoftBank: Hold. Solid balance sheets will determine which chipmakers weather regulatory shifts. Is this bear market a buying opportunity for TSMC?