A sharp decline in oil prices lifted sentiment while renewed buying in semiconductor names overnight spilled over into Asia, following last week's bruising sell-off.
SoftBank Group shares surge 11% as Asian tech stocks track Wall Street rebound
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
Trump says Jensen Huang told him Monday he didn't know paramour 'was a spy'
President Donald Trump suggested he had only recently learned of allegations that Alice Huang was a Chinese spy.
Nvidia’s Trump ties draw scrutiny after reports Huang was targeted by Chinese intelligence
Nvidia CEO Jensen Huang's extramarital affair with an alleged Chinese spy comes as the company is already about to face heightened scrutiny.

What we know so far about Jensen Huang's affair with suspected Chinese spy
Nvidia has announced that it has opened an official investigation into its CEO, Jensen Huang, after he admitted that he was involved in an affair with a business executive who is suspected of being a Chinese spy. Following a New York Times report about Huang's affair with Megaspeed executive and Chinese businesswoman Alice Huang / Huang Le, the Nvidia CEO addressed the situation in a company letter (via the BBC ). "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote. "Regarding the national security concerns raised in news reports, Nvidia's Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully." US intelligence believes that Huang was unaware of Alice Huang's alleged activities, and the security branch reportedly has surveillance of her feeding i
PepsiCo to cut about 1,000 jobs as North American business struggles
PepsiCo plans to cut about 1,000 jobs across North America as it streamlines operations and works to revive sales in its home market.

Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy
Elon Musk and other finance moguls defend Jensen Huang after he admitted to the affair, as Trump says FBI ‘is looking into it’ Nvidia’s board needs to do some succession planning – sharpish Donald Trump , Elon Musk and prominent finance moguls have expressed their support for embattled Nvidia CEO Jensen Huang , as the head of the world’s most valuable chip company faces an internal investigation over a romantic relationship with an alleged Chinese spy. Trump said he has spoken to Huang on Monday as the scandal reverberated across Silicon Valley and the Nvidia CEO faced an uncertain future. Continue reading...
Skydance outlines its $6 billion in planned cost savings. Here's the breakdown
The updates came alongside a third-quarter earnings report for the legacy Paramount Skydance.