Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning

HONG KONG (AP) — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia's stock market plunged following a downgrade warning. Index provider MSCI warned it would downgrade Indonesia from its "emerging market" status, triggering growing concerns of a capital flight. U.S. futures edged higher after Federal Reserve chair Kevin Warsh said the artificial intelligence shock could bring huge benefits to the global and U.S. economies. South Korea's benchmark Kospi index jumped 3.6%, after tumbling 7.6% the day before on a sell-off of shares related to artificial intelligence. Samsung Electronics was up 4.2%, while memory chipmaker SK Hynix added 3.5%. Japan's Nikkei 225 rose 1.9% to 65,658.