TOKYO: Japan’s Nikkei share average rebounded on Thursday after a three-day losing streak, as AI-related shares tracked gains in the US technology sector, although higher oil prices following renewed US-Iran hostilities kept investor optimism in check.
The Nikkei 225 index climbed 1.4 percent to close at 67,743.85, trimming some gains after rising as much as 2.4 percent earlier. The broader TOPIX rose 0.4 percent to 4,020.37.
Semiconductor-related shares anchored the Nikkei’s rise, with flash memory chipmaker Kioxia surging 8.3 percent and chip testing equipment maker Advantest jumping 5.9 percent, while chip equipment manufacturer Tokyo Electron advanced 5.5 percent.
Overnight, the Nasdaq rose following a more than USD30 billion chip-supply agreement between Broadcom and Apple, and a report that China plans to allow its top AI firms to buy a limited number of Nvidia’s H200 chips.
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