From Nikkei Asia · · 1m
Japan's Nikkei briefly hits 70,000 as AI optimism returns
Japanese stocks briefly cross 70,000 mark as AI optimism boosts markets.
In brief
Japanese stocks briefly cross 70,000 mark as AI optimism boosts markets. Japan's Nikkei average briefly regained 70,000 for the first time in three months due to AI-related market optimism. Originally reported by Nikkei Asia.
Japanese stocks jump
Japanese stocks jumped on Monday, with the benchmark Nikkei Stock Average crossing the 70,000 threshold during intraday trading for the first time in three months.
AI optimism drives rally
Tech rally took Tokyo stocks to a three-month intraday high as AI-related market optimism returned.
US jobs report impact
The September U.S. jobs report showed slower-than-expected growth, prompting investors to pare back bets on a Federal Reserve rate hike this month.
Toshiba supply plan
Toshiba plans to double hard-disk drive supply to fill AI chip memory gaps.
“Toshiba to double hard-disk drive supply to fill AI chip memory gap”
Market reactions
US stocks climbed after weak jobs data, but bonds resumed selling as AI optimism returned.
The essence
Japan's Nikkei average briefly regained 70,000 for the first time in three months due to AI-related market optimism.
