Asia Stocks Edge Higher as Chipmakers Rebound; China Trade Beats Forecasts

3-line summary

• China's September exports rose 36.3% year-on-year, well above the 25.5% forecast, while imports rose 31% versus a 24.5% forecast, according to Investing.com.
• Asian chip stocks rebounded from the prior day's AI-driven selloff: Samsung Electronics rose 2.8%, SK Hynix 2%, TSMC 1.4%, and Hon Hai (Foxconn) 2.6%, while Kioxia fell 1.8% and Largan fell 3.9%.

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