Japan's Nikkei Rises Amid AI-Driven Stock Gains
Global Markets | Japan's Nikkei ends higher as AI-related shares rise
The Economic TimesImage: The Economic Times
Japan's Nikkei share average increased by 0.52% to 62,742.57 as investors focused on artificial intelligence-related stocks. The broader Topix index also saw a rise of 0.83%. Notable gains were observed in chip-related stocks and companies like Furukawa Electric, which surged 16% after announcing a stock split.
- 01Nikkei share average rose 0.52% to 62,742.57.
- 02Broader Topix index increased by 0.83%.
- 03Furukawa Electric shares jumped 16% after a stock split announcement.
- 04SoftBank Group's stock rose 4.25% ahead of quarterly results.
- 0542% of stocks on the Tokyo Stock Exchange's prime market saw gains.
Advertisement
In-Article Ad
Japan's Nikkei share average concluded trading on Tuesday with a 0.52% increase, reaching 62,742.57 after a volatile session. The broader Topix index also advanced, climbing 0.83% to 3,872.9. The uptick was fueled by investor interest in artificial intelligence-related stocks, particularly in the semiconductor sector. After an initial dip due to a decline in South Korea's equity benchmark, investors returned to buy chip-related shares. Noteworthy performers included Furukawa Electric, which surged 16% following its announcement of a stock split, and Ibiden, which rose 5.7% after upgrading its sales and profit forecasts. In contrast, Fast Retailing, the owner of Uniqlo, fell 3.77%, negatively impacting the Nikkei. Overall, of the more than 1,600 stocks on the Tokyo Stock Exchange's prime market, 42% advanced, while 53% declined, and 3% remained unchanged.
Advertisement
In-Article Ad
The rise in the Nikkei and other major stocks reflects growing investor confidence in technology sectors, particularly those linked to artificial intelligence, which could lead to increased investment and job growth in these industries.
Advertisement
In-Article Ad
Reader Poll
Do you think AI-related stocks will continue to rise in the coming months?
Connecting to poll...
More about Tokyo Electron
Read the original article
Visit the source for the complete story.



