Asian Stocks Reportedly Rebound Ahead of Tel Aviv’s Earnings Week

Asian shares were reportedly rebounding early on Monday, November 9, as Tel Aviv prepared to resume trading at the start of a busy week for quarterly results. Japan’s Nikkei was up about 2.9%, Taiwan’s market was gaining by a similar amount, and South Korea was around 0.6% higher. US equity futures were also rising by roughly 0.5%. The Asian gains followed a Friday recovery in US technology shares after sharp selling in technology and semiconductor stocks during the preceding week. On November 6, the Nasdaq rose 1.1% and the S&P 500 added 0.3%, while the Dow Jones Industrial Average fell 0.5%. Across the week, the Nasdaq lost 3.4%, its fourth consecutive weekly decline. The S&P 500 fell 2.7% and the Dow slipped 0.9%. Tel Aviv’s main indices had also finished Friday higher. The TA-35 advanced 3.09% and the broader TA-125 gained 2.81%. Discount Bank rose 5.6%, Nova climbed 7.3% and Camtek added 5.2%. El Al began trading as a member of the TA-35 on Friday. Next Vision is among the companies expected to release quarterly results on Monday. The week’s reporting calendar also includes telecommunications, energy and banking companies.