Japan's Nikkei index rises for third straight session on AI optimism
The Nikkei 225 gained 0.80 percent to 60,942.48 points, with 149 stocks rising and 75 falling.
Japan's Nikkei index extended its gains to a third straight session on Wednesday, as data and earnings reports eased worries about the artificial intelligence sector, Qatar's state news agency QNA reported.
The Nikkei 225 climbed 0.80 percent to 60,942.48 points, with 149 of its stocks rising and 75 falling.
Advancing stocks outnumbered declining ones by roughly two to one.
The broader Topix index added 0.79 percent to reach 3,924.51 points.
The rebound follows a sharp fall last week in global stocks linked to artificial intelligence.
Those losses came amid concerns that the US Congress could slow investment in the sector after the Democrats' victory in the midterm elections.
The Nikkei 225 is a price-weighted index of 225 large companies listed on the Tokyo Stock Exchange, and it is among the most widely watched measures of Japanese equities.
The Topix tracks a broader set of companies listed on the same exchange, so its moves often reflect wider market sentiment.
Shares of technology firms often move these indexes, so swings in US AI-linked stocks can carry over into Tokyo trading.
Japan's stock market is one of the largest in Asia, and its daily moves are closely followed by regional investors.
