Asian stock markets moved higher on Wednesday after strong results from artificial intelligence infrastructure company CoreWeave helped ease concerns about the technology sector. Investors had been watching AI companies closely because of questions about the cost of building data centres and whether future profits will justify the huge investment. CoreWeave reported strong third-quarter revenue and said it expected to become profitable during the first half of 2028. Its shares rose in after-hours trading, helping improve confidence across technology markets.
The wider regional market also gained ground. MSCI’s broad Asia-Pacific share index rose 1.9 percent, while South Korea’s market increased 2.6 percent and Taiwan’s rose 3 percent. Japan’s Nikkei also recorded a gain. US stock futures moved higher, with Nasdaq futures rising more strongly than broader market contracts. Investors also watched developments around Anthropic, which is preparing a major stock market listing that could test demand for large artificial intelligence businesses.
However, the positive mood in share markets came alongside growing concern about inflation and interest rates. US core inflation increased 0.3 percent in October, above the 0.2 percent expected by economists. That result strengthened expectations that the Federal Reserve could raise interest rates again in December. Government bond yields rose across several Asian markets, while the US dollar strengthened. Gold fell sharply overnight before recovering part of its losses. Oil prices also moved higher after recent declines. The market response shows how investors are balancing optimism about technology companies with concerns that higher borrowing costs could make business expansion more expensive.
