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Most Asian stocks rise as calm returns after CoreWeave shock; Indonesia faces market downgrade
TOKYO: Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave’s debt pile fuelled worries about the financing driving the AI boom. Bond markets stabilized after yields plunged on Thursday as traders bought up Treasuries and other safe-haven sovereign debt. The dollar limped towards its first weekly loss in five weeks as lower US yields eroded the currency’s appeal. Gold eased back from Thursday’s high, while Brent crude drifted lower toward $105. Japan’s tech-heavy Nikkei rose 1.8%, making ...
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