Anthropic’s IPO filing lifts stocks across Asia—except for China
Source: Fortune ·
South Korea's KOSPI rose 3.1%, while Japan's Nikkei 225 jumped by 1.7%. Markets in Hong Kong and mainland China fell.
From the source
Asian stocks rallied on Tuesday after Anthropic filed for an eagerly anticipated initial public offering, reviving enthusiasm for battered AI, tech, and semiconductor shares across the region. South Korea’s KOSPI rose 3.1%, with chipmakers Samsung Electronics and SK Hynix jumping by 4.2% and 5.2% respectively. The rally also drew strength from South Korean economic data showing 3.4% year-on-year growth in the third quarter of 2026. Tuesday’s jump interrupted days of heavy selling in South Korea’s equity markets; the KOSPI has dropped by 18.2% in the past month. Japan’s Nikkei 225 also rose by 1.7%. SoftBank, which is betting on AI for future growth, rose 5.0%. Advantest, which makes semiconductor test equipment, jumped by almost 9%. Anthropic, the San Francisco-based company behind Claude, filed its S-1 registration statement with the U.S. Securities and Exchange Commission on Monday. The filing disclosed $16.3 billion in first-half revenue, up from $1.2 billion a year earlier; it…