Asian markets rebound after CoreWeave stock shock

Key points

• Asian shares rebounded after heavy tech selling in the previous session, when investors dumped tech stocks over questions about cloud company CoreWeave's debt. Japan's Nikkei rose 1.8 per cent and South Korea's KOSPI gained 2.8 per cent.
• Indonesia's equity benchmark slumped 11 per cent after index provider MSCI said the country's market no longer deserved emerging market status. Analysts expect continued volatility as tech earnings are released and investors watch central bank signals.
• Gold eased, and Brent crude traded near $US105 a barrel.