Asian Stocks Rebound After AI Selloff | The Asia Trade 6/9/2026

Summary

Asian stocks rebounded after a steep AI-led selloff, led by chipmakers. The Korean won remains under pressure from foreign outflows, while concerns mount over elevated valuations in Korean and Taiwanese semiconductor stocks. Geopolitical tensions in the Middle East and upcoming central bank decisions add uncertainty.

• Asian markets bounce after heavy losses, driven by AI chip stocks.
• Korean won weakens despite strong economic data, pressured by foreign equity outflows.
• Valuations of Korean and Taiwanese semiconductor stocks are seen as expensive.
• OpenAI files for IPO, SpaceX listing oversubscribed, testing market liquidity.
• Apple unveils AI features, but market reception is mixed.
• Iran-Israel ceasefire remains fragile; oil prices steady.
• China's market shows resilience on surface but breadth deteriorating.
• Central bank hawkishness and mega IPOs contribute to volatility outlook.