US stocks declined amid hot CPI and tech woes – Newsquawk Daily Asia-Pac Market Open

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US stocks were sold on Wednesday, with initial pressure following the hotter-than-expected US CPI report, particularly in the core metrics. Meanwhile, AI concerns continued to mount, with further weakness in memory stocks, while concerns over AI-related financing intensified after CoreWeave’s corporate bond yield rose above 15%, with Bloomberg noting that its bonds had reached levels typically associated with distress. AI-related stocks were sold aggressively throughout the session, raising broader concerns over credit risk and the sustainability of AI-related financing, while Financials were lower again as Q3 earnings continue to display a mixed picture. USD strength extended on a hot US…

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