Morning Bid: Calm after CoreWeave shock, but for how long?

A look at the day ahead in European and global markets from Kevin Buckland Asian stocks are rising into the weekend, with bargain hunters probably leading the buying after the precipitous plunge in markets on Thursday. But with ​calm returning after the frenzied AI-centred selling of a day earlier, the ‌question is how long it can last. The spike in yields to levels associated with distressed debt for AI cloud provider CoreWeave, which stoked fears about the mounting debt pile financing the AI boom, is still there. As is the reported progress by China s CXMT on next-gen DRAM architecture that has degraded confidence in ‌the ​established manufacturers, such as SK Hynix and Micron. For now, ⁠South Korea s KOSPI is up around ⁠3% following Thursday s nearly 8% plunge, and Japan s tech-heavy Nikkei is 1.5% higher after dropping some 5% in the prior session. US and European stock futures also edged higher. The outlier is Indonesia, where shares recorded their biggest one-day fall since 1998