Japanese equities moved higher as enthusiasm tied to artificial intelligence offset worries about the situation in the Middle East, according to ChainCatcher. The Nikkei 225 rose 0.35%, while the Topix gained about 0.24%. Nomura Securities strategists said a high-density fiber agreement between Verizon and Corning helped lift confidence in the market. At the same time, the yen strengthened as traders expected the Bank of Japan to speed up its rate-hike path. A Sony Financial analyst said the market may shift toward buying on dips. The report focused on how those factors combined to support a recovery in Japanese stocks during the session.
Japanese stocks rebounded as enthusiasm around artificial intelligence offset concerns about the situation in the Middle East, according to ChainCatcher. The Nikkei 225 rose 0.35%, while the Topix added about 0.24%.
Nomura Securities strategists said a high-density fiber agreement between Verizon and Corning helped improve market confidence. The yen also strengthened on expectations that the Bank of Japan could accelerate its pace of rate hikes. A Sony Financial analyst said the market may turn toward buying on dips.
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