Anthropic's IPO filing lifts risk appetite ahead of tech earnings

In Hong Kong, the benchmark Hang Seng Index opened up 48 points, or 0.21 percent, at 23,260. The China enterprises index was 14 points, or 0.18 percent, higher at 7,816 while the tech index rose 28 points, or 0.74 percent, to 3,886. The gains in Hong Kong and the mainland came as US Claude-owner Anthropic disclosed a steep loss and red-hot revenue growth in its filing for a US initial public offering.

The filing highlighted the potential payoff from massive AI spending and its profitability, boosting sentiment in the region.

Meta Platforms’ plans to raise up to US$95 billion in its largest-ever equity fundraising also contributed to the gains.