11/11/2026
Better-than-expected earnings from CoreWeave Inc. lifted investor enthusiasm for the artificial intelligence sector and pushed Asian equities higher, helping buffer a Wall Street selloff sparked by hotter-than-anticipated U.S. inflation.
The MSCI Asia Pacific Index rose 0.8%, with Japan’s Nikkei 225 gaining 0.8% and South Korea’s Kospi climbing 0.6%. Tech-heavy Nasdaq 100 futures advanced 0.6% in early Asian trading, recouping most of the index’s losses from the regular session.
CoreWeave’s shares rose roughly 2% in after-hours trading after the firm posted quarterly results that beat analyst estimates and raised its full-year outlook. The results showed the AI compute provider maintained robust sales growth despite headwinds facing the broader data-center industry. Expectations are also building around Anthropic PBC’s planned initial public offering, which targets a fully diluted valuation of $1.4 trillion.
Benchmark government bond yields in Australia and New Zealand each rose at least five basis points amid a selloff in U.S. Treasuries. Cash Treasury trading was closed as U.S. markets were shut on Wednesday. The dollar index was little changed for the week after a 0.5% advance on Tuesday, while crude oil stabilized following two straight days of declines.
The S&P 500 ended its two-month winning streak after Bureau of Labor Statistics data showed core CPI — which strips out food and energy — rose 0.3% month-over-month in October, beating forecasts for a third consecutive month. Headline CPI climbed 0.4%, driven by broad-based increases in essential consumer goods.
The figures triggered a Treasury selloff that hit rate-sensitive short-dated bonds hardest. The two-year yield surged 17 basis points to 4.73%, the highest level in 19 months. Money markets are pricing in a 25-basis-point Fed hike at next month’s meeting, with odds for an even larger move on the table. Futures point to roughly three quarter-point increases by June.
Dallas Fed President Lorie Logan said after the CPI release that faster rate hikes may be needed this winter to contain inflation. Fed Governor Christopher Waller had previously argued a 50-basis-point increase in December could be warranted. Chicago Fed President Austan Goolsbee said policymakers must tackle elevated inflation, calling the October consumer-price report concerning.
Prospects for aggressive Fed tightening threaten the stock market’s nascent recovery, which had already weathered sharp swings after the Democrats secured a sweeping victory in U.S. midterm congressional elections. For bonds, the selloff reversed the rally from early last month, when worries over the sustainability of the AI boom dragged tech shares lower and sent investors into fixed income.
Elsewhere, SoftBank Group Corp. tumbled 11% in Tokyo trade after reporting a ¥1.12 trillion ($7.1 billion) net loss for its second fiscal quarter. The red ink stemmed from a $3.7 billion writedown on its U.S. data-center project and falling valuations for AI holdings.
U.S. crude oil stabilized after two days of losses. Brent settled below $92 a barrel on Tuesday on bets of further de-escalation in tensions involving Iran. While Brent is still up nearly 50% year-to-date, November has brought a sharp reversal, with prices retreating substantially from a six-month high.
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