Asia Stocks Rebound as Chipmakers Recover, but Indonesia’s Rout Deepens on Downgrade Fears
Asian equities staged a broad rebound on Thursday as semiconductor shares recovered from the prior session’s sharp selloff, helping stabilize sentiment across regional markets. But Indonesia remained under intense pressure, with the benchmark index extending losses to as much as 11% as investors digested warnings tied to a possible market downgrade and broader concerns over capital outflows.
