Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Nikkei, Kospi, Topix: KI-Fantasie und Meta-Pläne beflügeln asiatische Börsen

Der Börsengang von Anthropic wird konkret und Meta gibt für die Finanzierung zusätzlicher KI-Rechenzentren neue Aktien aus. Das stimmt die Anleger in Asien positiv.

Original German Read in English

Nikkei, Kospi, Topix: KI-Fantasie und Meta-Pläne beflügeln asiatische Börsen

The outlook for the listing of AI leader Anthropic and Meta's billion-dollar capital increase propelled Asian stock markets on Tuesday. The technology-heavy South Korean Kospi briefly climbed nearly five percent to 5,737 points, while the comprehensive Nikkei Index in Tokyo rose 2.1 percent to 63,484. The broader Topix index in Tokyo increased 0.7 percent to 4,000 points.

Shanghai's market fell 0.1 percent to 3,693 points. The CSI-300 index, tracking China's 300 largest mainland companies, also stayed relatively steady at 4,098 points.

Good market sentiment was driven by Meta's plans to raise up to 95 billion dollars in its largest capital raise to date. Additionally, Anthropic, the company behind the Chatbot Claude, submitted the paperwork for a US stock listing. Despite high revenue growth, the company disclosed significant losses. Daisuke Hashizume, a senior strategist at Daiwa Securities, explained that the market responded positively to the news of Anthropic's stock listing, while major technology stocks followed the rise in the US chip index.

Tokyo's Nikkei index was lifted by the performance of Advantest, a chip test equipment manufacturer, which saw a ten percent increase in its shares. Tech investor SoftBank Group's stocks also rose by nearly seven percent. However, skepticism remains as to whether these massive investments in artificial intelligence (AI) will translate into solid profits. Anthony Saglimbene, chief market strategist at Ameriprise, stated that investors need confidence that aggressive investment expenditures reflect lasting business needs.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Tuesday 27 October →