Global stock markets rise as investors continue to bet on AI
Asian stock markets rise, following gains on Wall Street.
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Asian stock markets rise, following gains on Wall Street.
Korea's bourse operator on Wednesday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index rose sharply. Program trading for the KOSPI-listed shares was suspended for five minutes at 9:53 a.m., according to the Korea Exchange (KRX). After opening 2.23 percent higher, the KOSPI added 255.92 points, or 4.54 percent, to 5,894.26 as of 9:55 a.m.
The index rallied as strong artificial intelligence (AI)-driven semiconductor earnings lifted investor sentiment ahead of the Federal Reserve's interest rate decision. Before the opening bell, SK hynix Inc. reported record-high revenue and operating profit for the third quarter, driven by robust memory chip demand, and announced a shareholder return program worth more than 100 trillion won ($75.3 billion) for 2026. A buy-side sidecar is triggered when the KOSPI 200 Futures Index rises 5 percent or more for at least one minute.
Korea has completed the development of a homegrown Marine Attack Helicopter (MAH) fitted with a range of weapons systems, including air-to-ground missiles, for multidimensional amphibious operations, the state arms procurement agency said Wednesday. The attack helicopters are built on a Marine variant of the KUH-1 Surion helicopter, known as the MUH-1 Marineon, with new added features and weapons systems to counter attacks from enemy choppers and drones, according to the Defense Acquisition Program Administration (DAPA).
DAPA launched a 450 billion-won ($337 millon) project to develop the homegrown MAH in 2022. Since then, it has completed a number of test flights and weapons tests, including live-fire tests involving turret-mounted machine guns, air-to-ground missiles, and guided and unguided rockets. It passed a full combat suitability evaluation in July and received airworthiness certification in August, guaranteeing the plane's suitability for safe flight.
When deployed, the MAH system is expected to expand the Marines' amphibious operations not only on the ground, but also in the ai
Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street, as strong artificial intelligence (AI)-driven semiconductor earnings lifted investor sentiment ahead of the Federal Reserve's interest rate decision. The benchmark Korea Composite Stock Price Index (KOSPI) rose 183.73 points, or 3.26 percent, to 5,822.07 as of 9:15 a.m., extending its rally after surging more than 3 percent in the previous session.
Overnight, U.S. stocks extended their gains, led by a rally in AI-related technology shares. The tech-heavy Nasdaq Composite climbed 1.18 percent, while the Philadelphia Semiconductor Index jumped 3.6 percent, providing a positive note for Korean chipmakers. Before the opening bell, SK hynix reported a 631 percent spike in third-quarter operating profit at 83.33 trillion won ($62.78 billion), with sales soaring 327.9 percent to 104.61 trillion won on robust demand for AI memory chips.
The world's second-largest memory chip maker also announced an additional 60 trillion won in shareholder returns. Meanwhile, investors remained cautious ahead of the Federal Re
Stocks in the artificial-intelligence industry are leading Wall Street mostly higher as their yo-yo moves swing back upward.
Amazon, Microsoft and Alphabet are expected to report accelerating cloud growth this week, but turbulence in global markets and mounting concerns over the cost of financing AI investments are clouding the outlook. Investors are pressing for evidence that the AI boom can deliver swift returns to justify its enormous price tag.
Rising bond yields at AI cloud providers such as CoreWeave and record costs to insure Meta Platform's debt have amplified concerns about how the massive AI infrastructure buildout is being funded, particularly as higher U.S. interest rates loom. Market turmoil has rekindled warnings of an AI bubble from investors, including hedge fund Citadel's founder Ken Griffin, and pushed companies to delay their IPOs.
An expected Democratic sweep of the U.S. midterm elections could spell more trouble for data centers that are already a target of protests over their impact on power grids, electricity bills and the environment. China's tech-stock boom has unravelled, wiping out about $480 billion in market value in less than four months as concerns over AI demand and spending an
Social media platforms have become a key marketplace for Korean beauty, food and fashion brands, and companies can leverage artificial intelligence (AI) to make their products go viral in global markets at minimal cost, according to an AI expert in Seoul Tuesday. Seldon Yoon, founder and CEO of Indent, a Seoul-based developer of commerce AI transformation (AX) solutions, said Reels and short-form content on Instagram and TikTok have become major channels for Korean consumers to discover and purchase new products.
He added that creator content marketing has become more critical than ever, particularly for companies seeking to promote their products overseas and attract local consumers. Yoon, a former global e-commerce consultant for Samsung Electronics, cited a sharp increase in K-beauty exports since 2024 as evidence of successful overseas marketing.
According to the Ministry of Food and Drug Safety, Korea's cosmetics exports reached a record $11.4 billion last year, up from $10.2 billion the previous year, with the United States accounting for the largest share. “All K-beauty exporte
Anthropic filed yesterday for what could be the biggest IPO ever, capping a massive day of AI dealmaking that nearly equals 1% of U.S. GDP.Why it matters: Few industries have ever become so central to the American economy so quickly — and we're watching Wall Street finance the buildout in real time.Driving the news: Anthropic's long-awaited IPO may seek to raise a record $100 billion.Also yesterday, SpaceX secured $40 billion in debt financing to lease GPUs — the chips that power modern AI — and Meta said it would seek up to $95 billion in financing for its AI buildout.Together, that's roughly $235 billion in a single day — more than the entire U.S. airline industry adds to the economy in a year.The big picture: AI's appetite for capital has outgrown what any one single part of the financial system can supply.Anthropic alone has committed roughly $750 billion to computing power in the coming years — about seven times what its record-setting IPO may raise.Even private investors are struggling to keep up: OpenAI's record $120 billion funding round took months to close.Zoom in: Most Americans will be financially exposed to these deals, even if they never buy a share.SpaceX and Meta are already major holdings in the top stock indices that fill pensions, 401(k)s and other retirement plans.
Anthropic will soon join them.Between the lines: Anthropic's filing spells out how big the stakes are, devoting more than a quarter of the document to risks.The company warns that AI could pose "catastrophic or existential risks to humanity" and that models may try to manipulate the people using them.Zoom out: Each of these three deals is a bet that AI use keeps compounding fast enough to justify the industry's trillions in spending.The flip side, however, is that declining use could crack the foundation of America's entire economy.The bottom line: Everyone is on the AI train, whether we want to be or not.
Korean stocks rebounded Tuesday, led by gains in the country’s semiconductor heavyweights, as news of U.S. artificial intelligence (AI) company Anthropic’s planned blockbuster initial public offering (IPO) revived investor appetite after a recent pullback. The benchmark KOSPI opened at 5,658.65, up 3.46 percent from the previous close, according to the Korea Exchange.
A buy-sidecar was triggered early in the session at 10:13 a.m., temporarily suspending program buy orders for five minutes after the market’s surge breached the volatility threshold. The index remained in positive territory throughout the session, closing at 5,638.34, up 3.09 percent. Foreign investors and institutions were net buyers of 835.9 billion won ($631.05 million) and 418.5 billion won, respectively, while retail investors sold a net 1. 4 trillion won.
The rebound followed reports that Anthropic, the developer behind the Claude AI chatbot, had filed a registration statement with the U.S. Securities and Exchange Commission for a proposed IPO. The AI giant is seeking to raise as much as $100 billion, which woul
Korea's finance ministry on Tuesday hosted a global conference bringing together experts to discuss financial stability and supply chains in the era of artificial intelligence (AI). The Ministry of Finance and Economy and the state-run Korea Development Institute co-hosted the G20 Global Financial Stability Conference 2026 in Seoul, an annual event first held in 2013 to discuss ways to address global financial challenges.
Around 300 financial experts from across the globe participated in this year's event, discussing ways to enhance the stability and resilience of the global economy and address risks and challenges arising from AI-driven innovation, according to the ministry. In his opening remarks, Second Vice Finance Minister Huh Chang stressed the spread of AI and the restructuring of supply chains could pose new threats to financial market stability.
Huh called for preemptive measures to address AI-related risks and sufficient financial capacity to cope with future turbulence, alongside efforts to link financial safety nets with supply chain resilience. Laura Alfaro, chief economist a
Asia's fourth-largest economy grows 3.4 percent year-on-year amid strong semiconductor demand.
Consumer sentiment fell in October due mainly to a stock market correction and prolonged Middle East tensions, the central bank said Tuesday. The composite consumer sentiment index (CCSI) stood at 105.4 this month, down 1.2 points from September, according to a survey by the Bank of Korea (BOK).
A reading above 100 indicates that optimists outnumber pessimists, while a figure below 100 suggests the opposite. "Pessimistic outlooks increased as the stock market correction and extended military tensions in the Middle East weighed heavily on consumer sentiment," the BOK said. The subindex for people's assessment of current economic conditions came in at 82 in October, down 1 point from a month earlier.
The index for people's outlook for future economic conditions also fell 2 points to 88 over the same period. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 15.7 percent in the first three weeks of October on renewed concerns about the future of large-scale artificial intelligence (AI) infrastructure investment.
The BOK survey was conducted among 2,500 households from Oct. 13-20.
Korean stocks traded higher late Tuesday morning, led by gains in technology shares, as renewed optimism over artificial intelligence (AI) and falling oil prices boosted risk appetite. After opening 3.46 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its earlier gains to trade up 213.1 points, or 3.9 percent, to 5,682.6 as of 11:20 a.m.
Amid a rally driven by foreign buying, the Korea Exchange activated a buy-side sidecar at 10:13 a.m., suspending buy orders in program trading for KOSPI-listed shares for five minutes. The measure is triggered when KOSPI 200 futures rise at least 5 percent and remain at that level for one minute or longer.
Overnight, the Dow Jones Industrial Average gained 0.28 percent, while the S&P 500 advanced 0.7 percent and the tech-heavy Nasdaq Composite climbed 0.82 percent. Investor sentiment improved after AI startup Anthropic disclosed strong revenue growth in its U.S. initial public offering (IPO) filing, reigniting enthusiasm for AI-related stocks ahead of major tech earnings and the Federal Reserve's interest rate decision.
Oil
Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street, as renewed optimism over artificial intelligence (AI) and easing oil prices lifted investor sentiment. The benchmark Korea Composite Stock Price Index (KOSPI) rose 189.18 points, or 3.46 percent, to 5,658.65 as of 9:15 a.m.
Overnight, the Dow Jones Industrial Average gained 0.28 percent, while the S&P 500 advanced 0.7 percent and the tech-heavy Nasdaq Composite climbed 0.82 percent. Investor sentiment improved after AI startup Anthropic disclosed strong revenue growth in its U.S. initial public offering (IPO) filing, reigniting enthusiasm for AI-related stocks ahead of major tech earnings and the Federal Reserve's interest rate decision.
Oil prices also retreated on hopes of easing tensions in the Middle East, following reports of Qatari mediation efforts involving Iran and the United States. KOSPI heavyweights rose across the board. Market bellwether Samsung Electronics gained 4.69 percent, and chip giant SK hynix increased 7.14 percent.
SK Square, the parent firm of SK hynix, jumped 10.4 percent, and Samsung Ele
The AI giant behind Claude has filed its plans to float on the share market. Wall Street has rallied, led by tech stocks. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Market debut of AI company behind Claude chatbot will be one of largest in US history, a test of the AI boom’s financial viabilityAnthropic has publicly filed for a stock market listing in what is slated to be one of the largest debuts in history.
The company’s float on the US market will serve as a test of the financial viability of the multitrillion-dollar AI boom.Analysts and investors have valued the San Francisco-based company, founded in 2021, at more than $1.5tn. The company, which will will list under the symbol ANT, confidentially filed with US financial regulators for an initial public offering in June.
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Harvard economist Jason Furman told Axios that if he were to return to his old job as chairman of the White House Council of Economic Advisers today, he would rely on AI tools over staff economists for much of the council's day-to-day analytical work.The big picture: Unsurprisingly, this made some waves in the online discourse, particularly the loose-knit community formerly known as Econ Twitter.Many veterans of the economic policy trenches see real risks in future policymakers becoming overly reliant on AI — or at a minimum think that Furman is underestimating the importance of human economists in advising the nation's leaders.What they're saying: "CEA work, at least in my experience, is highly bespoke as you're explaining the data flow (and much else) to very busy people who don't want only market-shop analysis," Jared Bernstein, the CEA chair under President Biden, wrote on Substack."Yes, they want and need that — what will the markets make of this CPI, jobs, GDP, etc. report — but more so they want to know how this report fits into our narrative, our agenda, the president's trip today to Iowa."He adds that within a White House, "the human skill of reading-the-room is paramount.
I'm far from an AI expert, but my sense is it sucks at that and probably always will, a conclusion that derives in no small part from listening to its creators!"Zoom in: Claudia Sahm, a former Federal Reserve economist, raised an issue that we've often heard from senior people in fields like consulting and investment banking: If you get rid of junior positions, where will future senior leaders come from?Furman's staff "went on to found the Yale Budget Lab, run Treasury economic policy and a Fed institute, serve in later [administrations], and publish research on trade, environment, and taxes.
That's what '20 staff' become," she wrote on X. "No model does that."Bloomberg chief U.S. economist Anna Wong argues that the "ability to now not depend on anyone, as a senior person, is very, very empowering. Now, with just the idea, a senior person can go far."Zoom out: "Entering into sci fi speculation," Wong wrote on X, "as humans [we're] not about to replace the aging experts due to low pipeline of young human experts, AI themselves, through the training over the years, became the one spawning the ideas.""That seems like a disaster waiting to happen that current social policy needs to address."Yes, but: Casey Mulligan, who served in President Trump's first-term CEA and now as chief economist at the Department of Health and Human Services, said that the implications of AI for human labor in policymaking are not so obvious."I built AI tools at two federal offices," Mulligan wrote on X. "Able to do economic research better and more quickly, we needed more economists rather than fewer due to the added demand for what we do.
This pattern is also evident in the small business sector."This concept — that labor-saving tools can actually increase demand for labor — is known as Jevons Paradox.The bottom line: "Be the labor-augmenting technological change you want to see in the world," wrote Stanford economist Neale Mahoney."It's on us olders to build organizations where people and AI complement each other, and to prepare the youngers for a world with better and better AI," he adds.
Anthropic has filed paperwork for an initial public offering that could be one of the biggest in history. The company has yet to turn a profit.
SAN FRANCISCO — Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity. The filing sets up the San Francisco company for a Wall Street debut next month, potentially eclipsing the SpaceX initial public offering in June that raised a record $86 billion.
An Anthropic IPO would also put the company ahead of OpenAI in going public in what is expected to be a pair of blockbuster stock debuts for the rival AI labs. The filing comes weeks after CEO Dario Amodei argued in an essay for slowing the development of the most advanced AI models.
An IPO could provide Anthropic with enormous resources to accelerate its expansion. The amount the company ultimately raises remains uncertain, as do its final valuation and offering price, but even at lower estimates, it would turn the five-year-old startup into one of the world’s most valuable companies and potentially boost the wealth of Amodei and his sister and co-founder, Daniela, by b
Some of the biggest AI spenders will deliver earnings, while the Fed will give investors a look at where interest rates are heading through year-end.
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The AI company, which makes the popular Claude chatbot, has filed for an initial public offering that could be one of the biggest ever.
Meta says share sale will support its “continued investment in AI infrastructure and personal superintelligence”, as Elon Musk warns some AI cloud computing firms face ‘guppy-level death’UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday’s budget.The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03 of a percentage point) this morning.Issuing loans to public financial institutions creates a financial asset that offsets the increase in outstanding government debt.
If the investments that the PuFins make generate sufficient returns for the PuFins to repay their government loans, then long term debt sustainability is little affected.Limited transparency and the risk that the PuFins may suffer impairments on their investments will probably make bond market investors skeptical of the extra gilt issuance.
Chancellor Healey should avoid a big increase in gilt issuance to fund such intra-public sector lending.Nebius, CoreWeave and Iren were slammed in premarket trading on Monday after SpaceX and Tesla CEO Elon Musk said more than 200 neoclouds are “going to see guppy-level death and consolidation.”That’s the guppy fish – prone to suddenly dying in household fisk tanks – not the GBPJPY FX cross...In a post on X Musk said “debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers”.
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A software developer became so frustrated by the amount of rubbish he saw dumped along roadsides that he…
HONG KONG — With the two leading AI powers, the United States and China, forming their own AI blocs, other countries are maneuvering to harness the strengths of both groupings and avoid losing out. As the rivalry intensifies, experts say the window for countries to be able to choose freely between the two AI superpowers may be narrowing, forcing them to at one point pick between the U.S.-led Pax Silica and the China-inspired World AI Cooperation Organization.
That could put many countries in a dilemma: Do they go with the U.S.’s most advanced chips and AI technologies, or join China’s more affordable, open-source AI systems? Kazakhstan, a Central Asian nation of about 21 million people, is a rare example of a country that has sought to bridge that gap.
Just three weeks after its AI minister Zhaslan Madiyev visited Washington in June to join the U.S. group working to strengthen AI supply chains, he headed to Shanghai for a signing ceremony making the Central Asian country a founding member of China's initiative to shape the global AI agenda.
Being in Pax Silica means more technologic
SpaceX merger could give fresh thrust to carmaker’s push into autonomous driving and software as Musk seeks to unlock new profits