Buying spread into AI-related stocks after Anthropic released its IPO prospectus. This report summarizes key points on US equities, crude oil, the Japanese market, and markets around the world.
In the US equity market, AI developer Anthropic released a prospectus for its planned IPO and is reportedly targeting a Nasdaq listing in November. The prospectus release drew buying into technology stocks, particularly AI-related names, and the NY Dow attempted to rise. The scale of the fundraising planned for December is considered the most promising, and subsequent market reactions will be closely watched.
Between 27 and 28 October, buying in semiconductor and AI-related stocks supported the market, while names such as Oracle, Broadcom, and Dell Technologies rose. Meanwhile, crude oil market movements and the Federal Reserve's policy outlook affected investor sentiment, leaving some uncertainty about conditions in the US market.
In Japan, the Nikkei 225 closed up ¥684 on 28 October, helped by buying in AI- and semiconductor-related stocks. However, the overall gain was limited relative to the number of advancing stocks, and some domestic-demand and real estate-related stocks performed weakly. Futures buying by overseas short-term investors and continued buying in AI-related stocks drove the Nikkei 225's movement.
In China, the Shanghai Composite edged higher on 26 October, fell on 27 October for the first time in 3 sessions, and rebounded on 28 October, as policy expectations and market sentiment intersected. Bank stocks remained firm and technology stocks rebounded, but uncertainty over earnings trends and external relations continued to make investors cautious.