Asian Stocks Surge as Anthropic IPO Filing Revives AI Trade, Lifting Kospi More Than 4%
Updated
Updated · Reuters · Oct 27
Asian Stocks Surge as Anthropic IPO Filing Revives AI Trade, Lifting Kospi More Than 4%
3 articles · Updated · Reuters · Oct 27
Summary
South Korea's KOSPI jumped more than 4%, Japan's Nikkei rose 1.9% and MSCI's Asia-Pacific ex-Japan index gained 1.2% as investors piled back into AI-linked stocks.
Anthropic's IPO filing — showing steep losses but rapid revenue growth — revived enthusiasm for the AI trade, while Meta's plan to raise up to $95 billion further soothed nerves before big-tech earnings.
More than a third of S&P 500 companies report this week, including Alphabet, Microsoft and Amazon, with investors looking for proof that heavy AI infrastructure spending can stay profitable.
Central banks are the other near-term test: the Fed, ECB and BOJ are all expected to hold rates, but officials' guidance matters as oil near $115 keeps inflation and December Fed hike bets alive.