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Eagle-Tribune

Business SummaryBrief at 2:54 a.m. EDT

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Business SummaryBrief at 2:54 a.m. EDT
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xCruzo Brief

Asian markets mostly rose as futures for the U.S. ticked higher after a rally on Wall Street, with buying focused on AI-related stocks. Tokyo and Seoul benchmarks moved up, while Hong Kong and Shanghai edged lower. South Korea’s Kospi jumped 4.3%, led by strong gains for chipmakers SK Hynix and Samsung Electronics; Japan’s Nikkei 225 gained 2%. Oil prices continued their decline. Traders are looking ahead to a packed week: roughly one-third of S&P 500 companies report earnings, and multiple central banks—including the Federal Reserve—will deliver rate decisions. Separately, an AP report says AI firm Anthropic disclosed risks in an SEC filing, including cyberattacks and potential harm from AI, ahead of a possible November IPO that could raise up to $100 billion and value the company at as much as $2 trillion.

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