ASX Rises After Anthropic Reassurance And Inflation

Australian stocks rallied on Wednesday as the S&P/ASX 200 (XJO) traded around 9,120 points, up just over 1%, following Anthropic’s promotional event that eased AI-related selling. Australia’s annual inflation rose 3.8% to January with electricity costs up 32%, yet markets shrugged while earnings drove gains — Wisetech +10% and Woolworths +11% — and Pilbara climbed on lithium strength.