Japan and Korea Rebound Sharply, Taiwan Stocks Swing Over 600 Points High to Low
Asian stocks generally rebounded in early trading on the 27th, with the Nikkei 225 index holding above 63,400 points, up nearly 2%, and South Korea's KOSPI surging over 4%, breaking above 5,700 points. Taiwan stocks moved volatilely, with the weighted index opening at 46,211.20 points, once climbing to 46,585.45 points, then paring gains, falling to 45,975.07 points intraday, breaking below the 46,000-point level, before recovering to 46,108.65 points, up 67.22 points or 0.15%.
Currency Market Volatile in Tandem, Analyst Calls to Wait and See
On the currency front, the New Taiwan dollar weakened to 32.604 yuan against the U.S. dollar in early trading, strengthened to as high as 32.485 yuan intraday, with the latest USD/NTD quote at 32.569 yuan, the dollar appreciating 0.061 yuan from the previous trading day. Senior analyst 周佳和 noted that the short-term market is affected by panic sentiment in positioning, with the index approaching oversold territory, investors can wait and see for 1 to 2 days without excessive pessimism, watching whether the 5-day moving average can regain upward momentum and whether the quarterly line can hold, before moderately raising equity positions.
Anthropic Files for IPO, Tech Earnings Continue
The Asian rebound was driven by overnight strength in U.S. tech stocks, with AI startup Anthropic publicly filing its initial public offering documents on the 26th, the Nasdaq up about 0.82%, the S&P 500 up 0.7%, and the Philadelphia Semiconductor Index surging 2.82% to close at 11,083.50 points. According to Reuters, Anthropic's IPO could reach 100 billion dollars in size, potentially becoming one of the largest listings in history, while the market remains focused on its R&D and infrastructure costs and post-listing profitability. Earnings continue this week, with Corning reporting before the U.S. market open on the 27th, the market estimating third-quarter earnings per share of about 0.88 dollars and revenue of about 5.03 billion dollars, focusing on AI data center-driven optical communications demand. Microsoft, Alphabet, Amazon and Apple follow, with markets focused on cloud and AI revenue, data center and chip capital expenditure, cash flow and returns on AI investment. Meta announced large-scale equity financing, and Microsoft launched a voluntary separation program, highlighting funding and cost pressures amid the AI arms race.
Super Central Bank Week Arrives, Focus on Rate Paths
Global financial markets enter Super Central Bank Week, with the U.S. Federal Reserve, European Central Bank and Bank of Japan set to announce interest rate decisions, with markets widely expecting no change. The Fed is expected to announce on the 28th U.S. Eastern Time, with markets pricing over 90% probability of unchanged rates. U.S. September consumer prices and producer prices both came in above expectations, and with tariff and energy cost increases, inflation returning to the 2% target still faces challenges, with markets watching whether rates will be raised in December and whether Chair 華許 will provide year-end interest rate policy guidance after the meeting. The Bank of Japan is expected to keep its policy rate at 1.25%, while the European Central Bank likewise faces inflation pressure from rising energy prices, with investors focusing on policy statements and officials' remarks to assess future rate paths.