Data showed SoftBank's five-year CDS spread rose to 432 bps on Tuesday, the highest since early November 2022. The spread crossed 400 bps the prior week and has widened a further more than 30 bps.

European equities fell on Monday Oct 19: Germany's DAX closed down 302.43 pts (-1.18%) at 25,320.18; UK's FTSE 100 closed down 118.00 pts (-1.08%) at 10,763.90; France's CAC 40 closed down 88.65 pts (-1.11%) at 7,868.05; EUROSTOXX 50 closed down 57.38 pts (-0.92%) at 6,146.85; Spain's IBEX 35 closed down 290.38 pts (-1.50%) at 19,035.92; Italy's FTSE MIB closed down 763.68 pts (-1.53%) at 49,093.50.

SoftBank Group's credit risk rose to a near four-year high as market concern over AI-related financing and potential large acquisitions intensified. Five-year CDS widened to 432 bps on Tuesday, the highest since early November 2022, and has moved over 30 bps wider since breaching 400 bps a week ago. Financial stress at US cloud provider CoreWeave highlights debt accumulation tied to the AI investment surge. Rising funding costs and SoftBank's consideration of a takeover of security firm Allied Universal are keeping the group under close market scrutiny.