Tokyo Stocks Close Wednesday Higher
(MENAFN) Tokyo shares closed higher on Wednesday, lifted by a late-session rebound in heavyweight technology stocks amid strong investor optimism around artificial intelligence demand.
The Nikkei 225, Japan’s key benchmark index, rose 136.65 points, or 0.30%, to finish at 45,630.31, notching a record closing high for the second straight session.
The broader Topix index also posted gains, edging up 7.28 points, or 0.23%, to end at 3,170.45.
Trading resumed after a one-day market pause on Tuesday for a public holiday.
Markets opened lower, pressured by overnight losses on Wall Street and profit-taking following recent gains. However, investor appetite returned later in the session, with analysts pointing to renewed buying in semiconductor and AI-linked shares.
Tech giant SoftBank Group surged 6% to close at 19,000 yen, after announcing it would collaborate with OpenAI and Oracle Corp. to establish AI data centers across five new U.S. locations.
SoftBank Group surged 6 percent to 19,000 yen following its announcement of plans to establish AI data centers at five new locations across the United States in collaboration with OpenAI and U.S. technology firm Oracle Corp.
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