AI Enthusiasm Offsets Wall Street Drop
Asian stock markets showed notable resilience on November 11, 2026, as stronger-than-expected earnings from artificial intelligence computing providers helped offset a sharp Wall Street selloff. Bloomberg reported in an article published by Swissinfo that the MSCI Asia Pacific Index climbed as much as 0.8% following its strongest two-day performance in over three months, with technology shares leading the advance. Futures for the Nasdaq 100 rose 1% to recoup previous losses.
The positive sentiment in Asia was heavily buoyed by quarterly financial results from CoreWeave Inc., which surpassed analysts’ earnings estimates and raised its annual forecast. The results reassured investors regarding robust sales growth within the AI infrastructure sector, easing broader market concerns about debt-laden tech ventures. Additional support came from market anticipation surrounding Anthropic PBC’s upcoming initial public offering, which targets a fully diluted market value of $1.4 trillion.
US Inflation Sparks Federal Reserve Hike Fears
The regional equity gains ran counter to tightening global debt markets, which reeled after the US Bureau of Labor Statistics reported that consumer prices excluding food and energy rose 0.3% in October from the previous month. Overall consumer price index figures jumped 0.4% as essential costs climbed across the board, topping economists’ estimates for the third consecutive month. Convera head of market insights Steven Dooley noted that while AI valuations remain a dominant narrative, interest rates driven by hotter-than-expected US inflation are the primary market driver.
In response to the data, benchmark government bond yields surged across international markets. Two-year US Treasury yields jumped 17 basis points to reach 4.73%, marking their largest single-session increase in 19 months. In Sydney, The Edge Malaysia reported that global bonds tumbled as Japanese 10-year government bond yields climbed roughly seven to eight basis points to 2.755%, while Australian 10-year yields advanced six basis points to 5.05%.
Hawkish Central Bank Rhetoric and Market Stakes
Federal Reserve officials delivered increasingly hawkish commentary following the inflation release, prompting money markets to price in an aggressive monetary tightening cycle. Dallas Fed President Lorie Logan stated that more rapid rate increases may be needed this winter to suppress inflation, while Governor Christopher Waller previously indicated that a half-point rate hike in December could be warranted if core readings printed at 0.3%. Chicago Fed President Austan Goolsbee labeled the October consumer price data disturbing and emphasized the urgent need to address elevated price pressures.
Goldman Sachs Asset Management strategist Lindsay Rosner stated that a December rate hike remains a firm base case despite wider artificial intelligence sector jitters, warning that stubborn inflation rules out further monetary easing. Meanwhile, major corporate divergences emerged elsewhere in the region, as SoftBank Group Corp. shares tumbled up to 11% in Tokyo after swinging to a 1.12 trillion yen ($7.1 billion) quarterly loss, driven by a $3.7 billion writedown for US data center projects and dropping valuations in AI portfolios.