Japan's Nikkei rises as Anthropic IPO filing lifts AI shares
EWJ•Japan's Nikkei rose 1.91% to 63,374.45, led by gains in AI-related stocks after Anthropic's IPO filing and an overnight rise in the U.S. semiconductor index. Advantest surged 10%, while the broader Topix gained 0.61%.
1. AI shares lead gains
The Nikkei rose 1.91% to 63,374.45 on Tuesday, after climbing as much as 2.4% earlier. Advantest surged 10%, providing the biggest boost to the index, while SoftBank Group rose 6.94% and Tokyo Electron gained 3.35%. The Topix was up 0.61% to 3,997.09.
2. Investors weigh earnings
Anthropic's IPO filing disclosed steep losses and rapid revenue growth. The Philadelphia semiconductor index rose 2.8% overnight. Daiwa Securities strategist Daisuke Hashizume said investors were cautious about buying ahead of earnings from U.S. hyperscalers including Alphabet and Microsoft. On the Tokyo Stock Exchange's prime market, 49% of more than 1,500 stocks rose, 47% fell and 2% were flat. Daiichi Sankyo fell 6.53%, the Nikkei's biggest percentage loser.
