Nov 2, 2026 · 9 min
Asian stocks rebound as chip outlooks split
Tokyo Electron Gains, DBS Group Lower, PSBC Falls
The episode connects company-specific earnings signals with larger questions about technology positioning, the AI trade and market risk around US midterms.
- 1Asian equities recovered as investors prioritized earnings quality after a difficult Friday.
- 2Tokyo Electron’s positive wafer-equipment outlook contrasted with weaker guidance from Kioxia and Screen.
- 3The discussion weighs a post-midterm technology dip, possible AI-trade rotation and SpaceX’s demanding hiring culture.
Don't miss
The Bloomberg Tech Minute links SpaceX’s demanding hiring process to Elon Musk’s influence on company culture and candidate expectations.
The brief
Asian equities rebounded after a difficult Friday, with investors looking past the headline move to judge whether earnings quality supports a durable recovery.
Technology results split sharply: Tokyo Electron, MediaTek and Yangtze Optical delivered upside surprises, while Kioxia and Screen offered weaker results and cautious production guidance.
The market discussion turns to US midterms, oil prices, Iran-US diplomacy and whether investors might buy a post-election dip or rotate away from the AI trade.
The closing Bloomberg Tech Minute examines SpaceX’s demanding hiring process and how Elon Musk’s influence shapes the company’s culture and expectations for candidates.
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