Japanese Stocks Advance for Third Straight Session
The Nikkei 225 Index climbed 0.6% to trade above 60,800 on Wednesday, marking its third consecutive session of gains as stronger-than-expected results from neocloud company CoreWeave eased concerns surrounding the artificial intelligence sector. Optimism towards AI stocks was further supported by reports that Anthropic could begin trading as early as next week, targeting a fundraising of up to $90 billion at a diluted valuation of approximately $1.4 trillion. Japanese equities also outperformed a weaker overnight session on Wall Street, where Nvidia’s losses and hotter-than-expected US inflation data pressured broader markets. Among the notable gainers were technology and AI-related stocks, with Advantest rising 0.7%, Taiyo Yuden climbing 3.6%, and Tokyo Electron advancing 1.1%. Financial and consumer shares also moved higher, as Mitsubishi UFJ gained 1.7% and Fast Retailing added 1.1%.
The Nikkei 225 Index climbed 0.6% to trade above 60,800 on Wednesday, marking its third consecutive session of gains as stronger-than-expected results from neocloud company CoreWeave eased concerns surrounding the artificial intelligence sector. Optimism towards AI stocks was further supported by reports that Anthropic could begin trading as early as next week, targeting a fundraising of up to $90 billion at a diluted valuation of approximately $1.4 trillion. Japanese equities also outperformed a weaker overnight session on Wall Street, where Nvidia’s losses and hotter-than-expected US inflation data pressured broader markets.
Among the notable gainers were technology and AI-related stocks, with Advantest rising 0.7%, Taiyo Yuden climbing 3.6%, and Tokyo Electron advancing 1.1%. Financial and consumer shares also moved higher, as Mitsubishi UFJ gained 1.7% and Fast Retailing added 1.1%.