Japan’s Nikkei Index Hits All-Time High as Tech Rebounds Amid AI Enthusiasm
- Japan’s Nikkei 225 jumped 1.8% to a record intraday high of 39,001.50 points, driven by gains in the technology sector and fueled by hype over artificial intelligence.
- Key tech stocks like Nvidia saw consensus-beating earnings, generating excitement for an AI-led push in the sector. Chipmakers such as Advantest Corp. and Tokyo Electron Ltd. were among the top performers on the Nikkei.
- Despite concerns about slowing economic growth, the Bank of Japan’s ultra-dovish stance continues to support Japanese stocks, delaying plans to raise interest rates.