Intel (INTC. O) initially rose to 10% after news that Intel may be split, and TSMC and Broadcom are considering taking over.
The Nasdaq China Golden Dragon index rallied in the day, falling about 3% at the beginning of the session. Kingsoft Cloud (KC. O) rose more than 28%.
Chinese stocks and ETFs surged in early trading, with the 3-fold long FTSE China ETF up more than 22%.
According to China Money Network, the onshore yuan rallied against the dollar, falling more than 300 points at the beginning of the session.
Tesla (TSLA), regarded as a "Trump concept stock," rose 13.2% at the beginning of the day, quoting $284.60 per share, a new high since July 2023, and its total market value stood at $900 billion. In this election, Tesla CEO Elon Musk used various means to cheer for Trump.
Hong Kong stocks continued to fall, with the Hang Seng index turning lower, rising more than 1.2% at the beginning of the session. The Hang Seng Technology Index narrowed its gains to 0.3% after rising more than 2% at the beginning of the session.
Evergrande Automobile (00708.HK) turned down at the beginning of the session, now down nearly 6%, after rising nearly 9%.
Tesla Inc.'s (TSLA. O) losses widened to 10 percent in early trading, sending its shares to their lowest level since July 2.
The Hang Seng Technology Index rallied, falling more than 1% at the beginning of the session.
NVIDIA (NVDA. O) early decline expanded, now down nearly 6%, is quoted at $119.83, the largest single-day intraday decline since May 1, the total market value fell back to below $3 trillion.