Thursday, 12 November 2026 IPO data updated 8 minutes ago

Asian Markets Rebound After AI Sell-Off; Indonesia's Market Plunges 11%

Asian Markets Rebound After AI Sell-Off; Indonesia's Market Plunges 11%

Asian stock markets recovered on Friday, October 16, 2026, after a sharp technology-led sell-off triggered concerns over the debt burden of AI cloud company CoreWeave and the sustainability of the artificial intelligence boom.

Japan's Nikkei rose 1.8%, South Korea's KOSPI gained 2.8%, Taiwan's benchmark advanced 0.7%, and Hong Kong's Hang Seng climbed 1.1%.

However, Indonesia's benchmark stock index plunged 11% after MSCI announced plans to downgrade the country's market status from emerging market classification, raising concerns about potential foreign investment outflows.

Meanwhile, global bond markets stabilised, the US dollar weakened, and crude oil prices edged lower towards $105 per barrel.

Why It Matters: The developments highlight how concerns about AI financing, global investor sentiment and international market classifications can trigger volatility across financial markets.

Disclaimer: This news is for informational and educational purposes only, not investment advice.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.