Tokyo, Oct. 3 (Jiji Press)–Japanese stocks rose in Tokyo trading Friday morning, backed by buying of issues linked to artificial intelligence and semiconductors. The benchmark Nikkei 225 stock average climbed 647.81 points, or 1.44 pct, to end the morning session at 45,584.54. Expectations for the AI sector were fueled by news that OpenAI, the owner of ChatGPT, became the world’s most valuable startup ever. Stocks are unlikely to rise further as a wait-and-see mood is expected to grow ahead of Saturday’s leadership election of Japan’s ruling Liberal Democratic Party, an official at a major securities firm said. END [Copyright The Jiji Press, Ltd.]
Japanese Stocks Rise on AI Expectations
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