Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks

Asian equities advanced on Tuesday, with South Korea’s KOSPI up more than 4% in early trading and Japan’s Nikkei gaining 1.9%, Business Recorder reported. The regional index covering Asia-Pacific markets excluding Japan rose 1.2%, as investors responded to Anthropic’s US IPO filing and prepared for major technology earnings.

Anthropic’s filing showed fast revenue expansion alongside a substantial loss, renewing scrutiny of returns from AI investment. Meta Platforms also intends to raise as much as $95 billion, while Alphabet, Microsoft and Amazon are among the large US companies due to report results this week. Investors are also awaiting decisions from the Federal Reserve, European Central Bank and Bank of Japan; Brent crude slipped 0.7% to $114.95 a barrel, and gold was last at $4,013.70 per ounce.