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Japan's Nikkei hits 3-month high as AI shares rally
TOKYO: Japan’s Nikkei share average rose more than 2% to a three-month high on Monday, boosted by AI-related stocks, following gains on Wall Street at the end of last week. The Nikkei rose 2.53% to 70,037.61, its highest level since early July, by the midday break. The broader Topix rose 1.16% to 4,138.57. “Investors scooped up AI-related stocks, but the market sentiment is muted compared with earlier this year when the Nikkei hit a record high,” said Mamoru Shimode, chief strategist at Resona Asset Management. “The AI rally will continue, but the markets will be more selective.” US stocks adv...
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