Stock futures were slightly higher Sunday evening with traders eyeing whether technology shares can continue to recover, while they are awaiting the release of key inflation data and earnings from major AI companies this week.
S&P 500 futures gained 0.1%, while the Nasdaq 100's added 0.3%. Futures tied to the Dow Jones Industrial Average added 101 points, or 0.2%. Over in Asia, markets were mostly up on Monday, with Taiwanese equities leading the rise. The Taiwan Weighted Index was almost 5% up, powered by a rebound in key stocks TSMC and Hon Hai Precision Industry — also known as Foxconn.
The Nikkei 225 gained 3.25% and the Topix climbed 3.44%, powered by financial and consumer cyclical stocks.
South Korea's benchmark Kospi index rose 1.15%, after initially starting in negative territory, while the small-cap Kosdaq index declined 0.23%.
Tech heavyweights Samsung Electronics and SK Hynix were up 2.49% and 2.03% respectively.