Cloudflare (NET.N) shares extended premarket gains, last up 20%.

AI-led equity selloff spilled into credit on Friday, with SoftBank Group leading losses in Asian dollar bonds. SoftBank’s 2032 USD bond fell about 0.9 US cents — the largest one-day drop in 10 weeks — after the group’s shares slid as much as 16% intraday. CDS on some US firms hit by the AI rout jumped sharply. Traders said risk premia on Asian dollar debt widened at least 3 bps; the average spread on Asian investment-grade dollar bonds rose to 73 bps on Thursday, the highest since July 2025. The move continues a global credit repricing amid heavy corporate borrowing tied to the AI boom and adds fresh pressure to the global economy, although the credit selloff remains smaller than equity losses.

China's State Administration of Foreign Exchange published for public comment the draft 2027 Rules for Verification of Statistics on External Financial Assets, Liabilities and Transactions.