TSMC gains 3.1% as Asian chip stocks rise despite Wall Street’s retreat

Asian chip stocks found buyers on November 11, 2026, even after inflation worries pushed Wall Street lower. TSMC rose 3.1% following its October revenue report, helping Taiwan lead the regional advance. The session put continued demand for AI chips alongside a competing concern: the prospect of more expensive borrowing.

Taiwan leads, with Korean chipmakers joining the advance

Taiwan’s Taiex gained 2.1% in Wednesday trading. The Associated Press linked TSMC’s advance following its monthly sales disclosure to sustained demand for AI chips. The buying also reached South Korea, where Samsung Electronics and SK Hynix rose alongside the broader market.

South Korea’s Kospi climbed 1.6% to 5,321.10. Japan’s Nikkei 225 also advanced, adding 0.8% to 60,942.48. These were trading snapshots, rather than final closing results.

The regional rise was not uniform. Hong Kong’s Hang Seng fell 0.7% to 24,381.84, while the Shanghai Composite lost 0.3% to 3,653.86. Both erased earlier gains. Australia’s S&P/ASX 200 edged 0.1% higher after earlier losses, leaving Taiwan the strongest of the regional benchmarks in the update.

+3.1%TSMC

TSMC advanced following its October revenue disclosure.

+2.3%Samsung Electronics

Samsung Electronics gained during South Korean trading.

+3.4%SK Hynix

SK Hynix also rose, outpacing Samsung’s percentage gain.

U.S. inflation keeps borrowing costs in focus

The Asian advance followed a weaker Tuesday session in the United States. The S&P 500 fell 0.4%, the Dow Jones Industrial Average lost 0.3%, and the Nasdaq Composite declined 0.7%. Nvidia dropped 5.5% and was the largest single drag on the S&P 500.

The broader U.S. retreat followed October inflation figures that exceeded economists’ expectations. Prices for groceries, electricity and other living costs increased more than forecast, raising the prospect of another Federal Reserve interest-rate increase at its December meeting.

That pressure showed up in bonds. The yield on the 10-year U.S. Treasury rose to 4.99% from 4.88% late Monday. The benchmark helps set rates on mortgages and other household and business loans, so its rise reaches beyond stock-market pricing.

Higher interest rates can curb inflation by making borrowing more expensive and slowing economic activity. They also make investors less willing to pay high prices for stocks. Those effects explain why stronger chip demand and a less favorable interest-rate outlook can pull investment decisions in different directions.