South Korea's KOSPI rises more than 4% after Anthropic IPO filing
Meta Platforms plans to raise up to $95 billion, and Alphabet, Microsoft and Amazon are scheduled to report earnings during the week.
By The Carnegie Standard Staff
· 1 min read
Asian stock markets climbed on October 27 after Anthropic filed to go public in the United States, with South Korea's KOSPI adding more than 4% in early trading and Japan's Nikkei rising 1.9%, according to a Business Recorder report carried by WTVB. A benchmark for Asia-Pacific shares outside Japan gained 1.2%.
Anthropic's filing disclosed rapid growth in revenue together with a large loss, reviving questions among investors about what artificial intelligence spending will eventually earn. Meta Platforms separately plans a fundraising of as much as $95 billion.
Traders were also positioning ahead of quarterly results from several of the largest US technology companies during the week, including Alphabet, Microsoft and Amazon, and ahead of interest rate decisions from the Federal Reserve, the European Central Bank and the Bank of Japan.
In commodities, Brent crude fell 0.7% to $114.95 a barrel. Gold last traded at $4,013.70 an ounce.
This story was first reported by WTVB.
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