Tech stocks rebounded in the United States on Monday, with the Nasdaq gaining over 1%, Nvidia rising 1.4%, Tesla jumping 3.8% and Alphabet advancing about 1%. This renewed optimism did not carry over to Asia the following day, with South Korea’s Kospi plunging over 4% and the Nikkei 225 falling 1.6%. Meanwhile, Nvidia announced plans to invest nearly $10 billion in Europe, notably supporting four German startups in the industrial artificial intelligence sector. In Asia, companies are going public earlier, after four to five years of existence instead of eight to ten years previously. In India, Jio Platforms’ IPO saw its anchor investor tranche oversubscribed more than 30 times, with the group planning to raise up to $3.2 billion, which would mark the largest IPO ever in rupee terms.
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