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.
