Asian tech heavyweights rose across the region on Monday, rebounding from Friday's losses and in the midst of Nvidia's probe into CEO Jensen Huang.
Taiwan's markets led the rally in Asian markets, with the Taiwan Weighted Index up as much as 6.7%.
The index was powered by gains from heavyweights Taiwan Semiconductor Manufacturing Company and Foxconn — formally known as Hon Hai Precision Industry . TSMC was up over 6%, while Hon Hai spiked over 8%.
Other chip stocks in the region were also up, with Samsung Electronics and SK Hynix in South Korea up by 2.7% and 4.77%. Both companies are known suppliers to Nvidia.
Seoul expects contracted deliveries of Nvidia graphics processing units to proceed without disruption despite this controversy, South Korean Second Vice Minister for Science and ICT Ryu Je Myung reportedly said.
Ryu also added that the ministry was closely monitoring developments and discussing prices and schedules with Nvidia Korea.
While Nvidia shares were up on Friday's sessions, Reuters reported on Monday that shares of Nvidia futures on the Hyperliquid exchange and after-hours shares trading on the Blue Ocean system showed prices around $180.30 a share, down about 3.4% from Friday's Nasdaq closing price of $186.64.
Over the weekend, Nvidia had opened an investigation into CEO and co-founder Jensen Huang's relationship with a businesswoman who intelligence agencies say is a Chinese spy.
Huang, who told Nvidia staff that he had an affair with the woman, apologized, but an Nvidia spokesperson said that Huang was committed to continuing as CEO of Nvidia without interruption.
U.S. intelligence agencies have expressed concerns that the woman, Alice Huang, who is affiliated with a cloud company and an Nvidia customer called Megaspeed, has been passing information to Beijing, according to reports in The New York Times and the Financial Times.
