Japan's Nikkei limps to weekly loss as AI doubts, bond stress weigh
EWJ•Japan's Nikkei 225 slipped 0.02% on Friday to 69,030.92, ending the week down 0.39%, as investors weighed AI-sector concerns and global bond-market stress. The Topix rose 0.33% to 4,104.81.
1. Nikkei ends lower for week
The Nikkei 225 recovered from an early 1.3% loss to close 0.02% lower on Friday at 69,030.92. It ended the week down 0.39%, while the broader Topix gained 0.33% to 4,104.81.
2. AI and bond concerns weigh
U.S. equity indexes fell overnight after a Financial Times report said OpenAI's annualized revenue was $20 billion below what the company had previously signaled. SoftBank Group, a major OpenAI investor and Nikkei heavyweight, fell about 4%. Elevated global borrowing costs, intensified by surging oil prices, also weighed on sentiment.
3. Shares move on company news
Rorze rose by its daily limit of 700 yen, or 15.79%, after raising its earnings forecasts on surging demand for semiconductor equipment. The Nikkei had closed above 70,000 on Tuesday, its highest close since June 25, before losing momentum.
