Asian stocks mixed as CoreWeave lifts chipmakers; hot U.S. inflation weighs
Asian equity markets showed a split performance on Saturday. Chip-related shares advanced after AI cloud provider CoreWeave signaled strong demand, lifting semiconductor heavyweights in Tokyo and Seoul. Gains were capped by renewed concern over US inflation after the consumer price index came in above forecasts, pressuring rate-cut expectations and weighing on broader sentiment. SoftBank Group surged 11% in Tokyo, leading a rebound in technology names that tracked a Wall Street recovery from the prior session. Oil's decline offered some support to import-heavy economies but hurt energy producers.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Asian equities were mostly mixed with chipmakers rising on CoreWeave demand news.
- ✓ SoftBank Group shares surged 11% in Tokyo.
- ✓ US consumer price index came in hotter than expected, weighing on rate-cut expectations.
- ✓ Sliding oil prices buoyed sentiment for importers but pressured energy majors.
What changed
CoreWeave's demand signal lifted chip stocks while US CPI data dampened rate-cut hopes, creating mixed direction across Asian indexes.
Live updates
-
Asian stocks mixed as CoreWeave boosts chipmakers, hot US CPI weighs
Asian equity markets showed a split performance on Saturday. Chip-related shares advanced after AI cloud provider CoreWeave signaled strong demand, lifting semiconductor heavyweights in Tokyo and Seoul. Gains were capped by renewed concern over US inflation after the consumer price index came in above forecasts, pressuring rate-cut expectations and weighing on broader sentiment. SoftBank Group surged 11% in Tokyo, leading a rebound in technology names that tracked a Wall Street recovery from the prior session. Oil's decline offered some support to import-heavy economies but hurt energy producers.
Why it matters
The session reflects a tug-of-war between the AI investment boom, which continues to drive capital into chipmakers, and macroeconomic data that keeps central banks cautious. Hotter US CPI reduces the odds of near-term Federal Reserve easing, strengthening the dollar and pressuring Asian currencies. Meanwhile, falling crude prices ease input costs for manufacturers but dent energy-sector earnings.
What is confirmed
- Asian equities were mostly mixed with chipmakers rising on CoreWeave demand news.
- SoftBank Group shares surged 11% in Tokyo.
- US consumer price index came in hotter than expected, weighing on rate-cut expectations.
- Sliding oil prices buoyed sentiment for importers but pressured energy majors.
Still unconfirmed
- Asian tech stocks tracked a Wall Street rebound from the previous session.
- AI chip demand continues to drive capital flows into semiconductor names.
What to watch next
- Next Federal Reserve policy meeting for rate guidance
- Upcoming earnings from major Asian chipmakers
- US producer price index and retail sales data
confidence 85%Sources used for this update (7)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- WSJ — Asian Equities Mostly Rebound, Though Sentiment Remains Fragile
- CNBC — SoftBank Group shares surge 11% as Asian tech stocks track Wall Street rebound
- Yahoo Finance — Asian stocks climb as sliding oil prices buoy sentiment
- Investing.com — Asian stocks mixed as CoreWeave lifts chipmakers; hot U.S. inflation weighs
- AP News — Asian shares mostly rise on AI chip demand despite Wall Street’s retreat on inflation data
- uk.finance.yahoo.com — FTSE 100 edges down as falling oil weigh on energy majors amid hot U.S. CPI
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community