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Japan's Nikkei rises as SoftBank rebounds from AI-led selloff
TOKYO: Japan’s Nikkei share average climbed as technology investor SoftBank Group rebounded from a selloff in the previous session, while traders reassessed calls by executives in US artificial intelligence companies for a slowdown in AI development. The Nikkei recouped early losses to rise roughly 1% to 64,082.36 by the midday break. The broader Topix was flat at 4,057.06. Shares of SoftBank surged 9.13%, recouping part of the previous session’s 10.7% loss after a selloff in AI-linked stocks sparked by warnings from industry leaders about the technology’s risks. “Japan was the first market th...
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