Asian markets mixed as tech rebound lifts Seoul, Jakarta plunges on MSCI warning
Asian shares mostly advanced Friday after a tech sell-off, while Indonesia's market plunged over an MSCI downgrade warning. U.S. futures edged higher following Federal Reserve chair Kevin Warsh's comments on AI benefits. South Korea's Kospi jumped 3.6% after tumbling 7.6% the prior day, with Samsung and SK Hynix rising. Japan's Nikkei gained 1.9%, while Indonesia's Jakarta Composite fell over 10% after MSCI said its emerging market status would be "no longer appropriate." Warsh said at the IMF and World Bank gathering that AI could bring huge benefits to global economies. Oil prices steadied near $105 per barrel, with the IEA releasing emergency reserves amid Middle East supply concerns.