ðŸ‡ðŸ‡° English, 15 October 2026, AI boom correction
Distressed debt at US cloud-computing provider CoreWeave sparks market fears
Reports of distressed debt at US cloud-computing provider CoreWeave contribute to market downturn in East Asian markets.
In Tokyo, the tech-heavy Nikkei share average tumbled 3,318 points, or 4.9 percent, to 64,425 amid reports about distressed debt at US cloud-computing provider CoreWeave while hot US inflation figures sparked fears of higher interest rates.
The broader Topix fell 93 points, or 2.29 percent, to 4,003.
The International Monetary Fund on Thursday projected Asia’s economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and spillovers from rising global bond yields.