Business · Markets · 38 mins ago
Asian stocks rise after CoreWeave earnings as inflation weighs on bonds
Asian stocks rose in early trading after a Wall Street selloff the previous day.
CoreWeave beat quarterly earnings estimates and raised its annual forecast, easing concerns about demand for artificial intelligence services.
The US selloff followed data showing consumer prices rose more than expected in October, including a 0.3% monthly increase in prices excluding food and energy.
Investors sold US Treasury bonds, and the yield on two-year notes rose to 4.73%, its biggest one-day increase in 19 months.
Markets are pricing in a Federal Reserve rate hike next month, with some investors seeing a chance of a larger increase.
Higher rates could weigh on stocks, while Asian markets also face mixed signals from technology companies, including SoftBank, which reported a quarterly loss.
Asian stocks rose in early trading after CoreWeave reported better-than-expected earnings and raised its annual forecast.
The results eased concerns about a slowdown in the debt-laden artificial-intelligence company and supported interest in the AI trade.
The gains helped offset a Wall Street selloff after US inflation data came in hotter than expected.
SoftBank shares fell 8% in Tokyo after the company reported a quarterly loss.
- Who
- Asian stocks rose, while SoftBank shares fell in Tokyo.
- What
- Asian stocks advanced after CoreWeave earnings eased concerns about the AI trade.
- When
- Early trading on Nov. 11, 2026.
- Where
- Asian markets, including Japan and South Korea.
- Why
- CoreWeave's better-than-expected earnings and higher annual forecast eased concerns about a slowdown in the AI trade.
This story does not have two clearly opposing sides.
US consumer prices excluding food and energy rose 0.3% from the previous month, topping estimates for a third straight month.
Dallas Fed President Lorie Logan said more rapid rate hikes may be needed this winter to calm inflation.
CoreWeave shares rose about 2% after the company reported quarterly earnings above analysts’ estimates and raised its annual forecast.
Asian stocks rose, while Australian and New Zealand government bonds fell.
- Nikkei 225
- Rose as much as 0.3%
- Broader Asian shares
- Advanced 0.2%
- CoreWeave shares
- Rose about 2% in late trading
- SoftBank shares
- Fell 8% in Tokyo
- SoftBank fiscal second-quarter loss
- ¥1.12 trillion ($7.1 billion)
3 sources
What people are saying
The Fed could push for a more-aggressive tightening cycle with CPI continuing to print strong