Asia stocks recoup early losses as tech rout cools; US-Iran jitters persist in Stock News 11/06/2026 Asian stocks reversed early losses and inched higher on Thursday, aided by a mild recovery in battered technology shares and as markets held out hope for a pause in U.S.-Iran fighting. Regional markets took a weak lead-in from Wall Street after it was battered by persistent losses in tech, while a strong consumer inflation print for May also weighed. S&P 500 Futures steadied in Asian trade, recouping some initial losses. KOSPI recoups deep losses, Nikkei steadies as tech rout stalls Tech-heavy Asian bourses recovered some ground on Thursday after initially logging deep losses. South Korea’s KOSPI rose 0.2% while Japan’s Nikkei 225 rose 0.1%. The KOSPI had initially slumped as much as 4%, but recouped some losses on a recovery in heavyweight chipmaker SK Hynix Inc (KS:000660), following a report that the company planned to triple its wafer capacity. Chipmaking stocks were the biggest weight on tech this week, as investors locked in gains after a high-flying, artificial intelligence-driven rally in the sector in May. The AI rally was seen cooling in June amid persistent doubts over long-term returns from the industry. A Wall Street Journal report on Wednesday evening showed AI major OpenAI considering deep price cuts amid growing competition from rival Anthropic. The price cuts stand to further undermine revenue at a company that is already neck-deep in losses. Hong Kong’s Hang Seng index, however, lagged its peers, falling 1.3%. The Hang Seng was pressured by losses in heavyweight tech shares, with Alibaba Group (HK:9988) down more than 5% amid some questions over the company’s AI prospects. JD.com (HK:9618) fell over 3% after local media reports said the company was facing regulatory scrutiny over allegations of false advertising. Asian stocks skittish with focus on US-Iran escalation Broader Asian markets recovered some ground after logging deep losses in recent