Global stocks rebound as bond yields fall, chip weakness persists

Global stock markets rebounded as falling bond yields eased selling pressure, with several indices posting gains despite continued weakness in semiconductor stocks. The recovery follows a sharp sell-off driven by concerns over the AI industry and economic growth. Semiconductor stocks fell for an eighth consecutive session, with the iShares Semiconductor ETF down 13.2% from its October 6 record high. However, CoreWeave rebounded 6% after Nvidia CEO Jensen Huang said its financial position is improving, while other chipmakers like Nvidia, Intel, and ASML continued to decline. Falling bond yields, driven by lowered expectations for US economic growth and inflation, supported broader equities. The Stoxx Europe 600 gained 0.4% and the S&P 500 rose 0.3%, led by healthcare, financials, and consumer stocks. Asia-Pacific markets also rallied, with South Korea's KOSPI up 3.3%.