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Business · AI rally stalls as CoreWeave concerns persist, tiny Seoul IPO sinks 30%

Wall Street’s AI relief rally stalled in Asia and Europe on Tuesday, with credit concerns around neocloud provider CoreWeave and a disastrous debut for South Korean AI data centre firm Elice keeping investors on edge. Brent crude rose to $111 a barrel as Iran-linked attacks intensified, while markets await earnings reports from Netflix and SpaceX after the close.