Jensen Huang's CoreWeave Endorsement Sparks Asia-Pacific Rebound

Nvidia CEO Jensen Huang's CoreWeave endorsement lifts Asia-Pacific markets as Indonesia plunges 11%.

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Oct 16, 2026

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Jensen Huang's CoreWeave Endorsement Sparks Asia-Pacific Rebound

Nvidia CEO Jensen Huang's CoreWeave endorsement lifts Asia-Pacific markets as Indonesia plunges 11%.

In brief

Nvidia CEO Jensen Huang's CoreWeave endorsement lifts Asia-Pacific markets as Indonesia plunges 11%. Nvidia CEO Jensen Huang's public endorsement of AI cloud provider CoreWeave boosted Asian equities, while Indonesia's stock market fell 11% after MSCI warned of potential downgrade. Originally reported by BigGo Finance.

CoreWeave Endorsement

Jensen Huang's CoreWeave Endorsement Sparks Asia-Pacific Rebound; Japan, South Korea Lead Gains as Indonesia Plunges 11%, Triggering Circuit Breaker

Nvidia CEO Jensen Huang publicly vouched for CoreWeave's financial health, easing AI infrastructure financing concerns.

“CoreWeave's strength is improving every day, financing costs are declining, and it does not need a bailout from Nvidia”

Asia-Pacific Rebound

Nikkei 225 rose 1.39%, KOSPI gained 2.05%, KOSDAQ surged 4.46% triggering a buy-side circuit breaker.

Japan Tech Surge

BAYCURRENT hit daily limit with 17.25% gain, setting record high after strong first-half earnings.

South Korea's Recovery

South Korea's Recovery

KOSPI rose 2.05% after intraday gains of 3.4%, with Samsung and SK Hynix leading the advance.

Indonesia Plunge

Indonesia's stock market plunged 11.18% triggering circuit breaker after MSCI warned of potential downgrade.

CoreWeave Financials

CoreWeave's first-half operating profit grew 28.5% year-over-year with ¥500 billion sales target by 2031.

Market Reaction

Stephen Innes noted Huang's comments lifted NeoCloud sector, driving ai-related stocks higher and injecting market pulse.

Indonesia's Crisis

Indonesia's 10-year government bond yield rose 10 basis points to a two-month high as rupiah edged lower.

Federal Reserve Focus

Investors await Federal Reserve Chair Kevin Warsh's remarks at IMF annual meetings for October rate hike clues.

Market Close Data

Nikkei 225 closed at 65,324.29, up 1.39%; TOPIX rose 1.67% to 4,066.00.

KOSDAQ Circuit Breaker

KOSDAQ surged 4.46% triggering buy-side circuit breaker that halted programmatic buy orders for five minutes.

Indonesia's Timeline

MSCI consultation period runs through April 30, 2027, with final decision due by June 30, 2027.

Market Impact

U.S. dollar index flat after AI selloff triggered risk-averse sentiment and treasury yields lower.

The short version

Nvidia CEO Jensen Huang's public endorsement of AI cloud provider CoreWeave boosted Asian equities, while Indonesia's stock market fell 11% after MSCI warned of potential downgrade.

Read the original on BigGo Finance

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