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Nikkei Gains on AI Stocks
Japan’s Nikkei rose 2.87% on Tuesday to 60,459.58 points, while the Topix climbed 1.98% to 3,893.71, recouping in two sessions Friday’s losses of nearly 6%. The gains were driven by AI and chip stocks: SoftBank surged 13.88%, Advantest rose 4.63%, and Tokyo Electron gained 6.05%, despite Nvidia shares falling 4.2% overnight. An economist said the Nikkei’s gains were surprising, but investors remained cautious about the index breaking above 61,000 points.
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