Nov 6 – The AI-driven stock selloff intensified and spilled over into the credit market on Friday, with SoftBank Group leading Asian dollar bonds lower. Data showed that SoftBank's dollar bonds maturing in 2032 fell 0.9 cents on Friday—their biggest single-day drop in 10 weeks—making them among Asia's worst-performing bonds, while the company's shares tumbled as much as 16%. Earlier, credit default swap (CDS) prices for some U.S. companies hit by the AI selloff had surged sharply. Traders said yield premiums on Asian dollar bonds widened by at least 3 basis points. Friday's decline extended a repricing already underway in global credit markets. The AI boom has driven companies to borrow heavily, pushing up financing yields, and the selloff is adding fresh pressure on the global economy. On Thursday, the average spread on Asian investment-grade dollar bonds rose to 73 basis points, the highest since July 2025. Still, the credit market selloff remains less severe than the one in stocks.