Rises in Asia led by the Taiwan Stock Exchange; Nvidia plunges 4% in overnight trading

The market recovery continues: rises in Asia led by Taiwan, US futures are up. Nvidia stock plunges 4% in overnight trading amid suspicions of foreign espionage targeting the CEO. Goldman Sachs: panic on Wall Street is at its peak and may signal a recovery.

The market recovery continues this morning (Monday) after last week's sharpest declines in over 18 months, amid fears of tighter regulation on the artificial intelligence industry following the Democrats' victories in the US elections. The Taiwan Stock Exchange leads the gains in Asia with a surge of nearly 5%, supported by a recovery in TSMC and Foxconn stocks. Nvidia stock loses about 4% in overnight trading, following a report that the company's board has opened an investigation into suspicions that CEO Jensen Huang was the target of a foreign espionage plot. Huang apologized to company employees for an extramarital affair. US futures on the leading indices are rising, and oil prices are stable. Goldman Sachs estimates that panic on Wall Street is at its peak and may signal a recovery.