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Japan's Nikkei extends rebound as AI-related stocks advance
TOKYO: Japan’s Nikkei share average rose nearly 3% on Tuesday, extending its rebound from a tech-led selloff on Friday as AI-related stocks surged. The Nikkei rose 2.88% to 60,471.05 by 0158 GMT, recouping most of Friday’s losses in the past two sessions. The broader Topix was up 2.27% at 3,904.67. “The Nikkei’s sharp gains in the latest two sessions are a surprise,” said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. “But the gains were limited as investors would not want to bet the Nikkei to cross 61,000.” The Nikkei fell nearly 6% on Friday as AI-related stocks dropped on concer...
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