Anthropic IPO filing lifts South Korean chip stocks

South Korean stocks surged on Tuesday, with the Kospi closing 3.09% higher at 5,638.34 as Samsung Electronics and SK Hynix rallied after artificial intelligence company Anthropic filed to go public. The index’s 168.87-point gain was its largest daily rise since February, according to market reporting. Samsung Electronics shares rose 4.23% to 222,000 won, while SK Hynix gained 5.18% to 1.34 million won. The two chipmakers together account for nearly half of the Kospi’s market value. Other chip-linked shares also advanced, including SK Square, which rose 7.67%, and Samsung Electro-Mechanics, up 7.42%. Anthropic filed a registration statement with the U.S. Securities and Exchange Commission on Monday. The company said it plans to list Class A shares on the Nasdaq Global Select Market under the ticker ANT. Its filing reported first-half revenue of $16.3 billion, compared with $1.2 billion in the same period a year earlier. It also reported an operating loss of $693 million, narrower than the $2.1 billion loss a year earlier. The filing renewed investor interest in AI-related shares after concerns about financing costs and the returns on large technology companies’ AI investments...