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Japan's Nikkei rises as AI-related shares track US semiconductor rally
TOKYO: Japan’s Nikkei share average rose on Wednesday, with AI-related stocks tracking gains in US semiconductor shares, while lower oil prices overnight lifted economy-sensitive stocks. The Nikkei was up 1.3% at 66,342.71, as of 0204 GMT. The broader Topix gained 0.6% to 4,067.98. US stocks ended slightly lower on Tuesday as Treasury yields continued to climb ahead of inflation and labour market data, although the Philadelphia Semiconductor Index advanced 1.3%. “Not just technology stocks, but also shares sensitive to the economy rose in the current session,” said Daisuke Hashizume, senior st...
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