Tokyo, Nov. 10 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average continued to rally on Tuesday, retaking the 60,000 mark for the first time in three trading days, led by stocks related to artificial intelligence. The index of 225 selected issues on the Tokyo Stock Exchange’s top-tier Prime section closed at 60,459.58, up 1,684.08 points, or 2.87 pct, from the previous day. The broader TOPIX index finished at 3,893.71, up 75.55 points, or 1.98 pct. AI-related stocks, including Advantest and SoftBank Group, followed the overnight strength of their U.S. peers, which attracted bargain-hunting interest following last week’s sharp losses. However, an official of a major securities firm warned that it is too early to conclude that AI stocks have bottomed out, considering persistent concerns about the sustainability and profitability of huge investments in U.S. data center operators. Meanwhile, investor sentiment was buoyed by falling crude oil prices after U.S. President Donald Trump signaled a preference for a diplomatic resolution to the conflict involving Iran. END [Copyright The Jiji Press, Ltd.]
