Business & Finance
Japanese, South Korean Stocks Gain on Renewed Confidence in AI
Key Points
Japanese, South Korean Stocks Gain on Renewed Confidence in AI Japanese and South Korean equities climbed, led by gains in the tech sector after Micron Technology Inc.’s upbeat forecast reignited confidence in the artificial-intelligence trade and brought relief to the market. The tech-heavy Nikkei 225 Stock Average in Japan climbed as much as 3% with chip tester manufacturer Advantest Corp. among the biggest gainers. The broader Topix index was up 1.1% as of 10:10 am Tokyo time.
Japanese, South Korean Stocks Gain on Renewed Confidence in AI
Japanese and South Korean equities climbed, led by gains in the tech sector after Micron Technology Inc.’s upbeat forecast reignited confidence in the artificial-intelligence trade and brought relief to the market.
The tech-heavy Nikkei 225 Stock Average in Japan climbed as much as 3% with chip tester manufacturer Advantest Corp. among the biggest gainers. The broader Topix index was up 1.1% as of 10:10 am Tokyo time. The Kospi index rose 6% at one point, with SK Hynix Inc. rallying on its plan to list in the US.