Japan's Nikkei posts best week in 5 months despite Nvidia turmoil
EWJ•Japan's Nikkei rose 0.53% on Friday to 61,142.35, gaining 6.46% for its best week in five months. The Topix added 0.11% to 3,941.57 and advanced 6.3% for the week.
1. Weekly gains
Japan's Nikkei share average closed higher on Friday, logging its biggest weekly gain in five months as upbeat earnings and renewed optimism about artificial intelligence helped the market rebound from the previous week's selloff. The Nikkei rose 0.53% to 61,142.35, while the broader Topix gained 0.11% to 3,941.57.
2. AI shares support market
Semiconductor stocks rose early, although some trimmed gains by the close as South Korean equities weakened. Advantest gained 2.08% and Tokyo Electron rose 1.69%, while SoftBank Group fell 5.11%. Nomura Securities equities strategist Maki Sawada said gains in semiconductor- and AI-related shares that had been under pressure helped lift the Nikkei and Topix.
