Nikai achieves two-year weekly high

The Japanese Nikkei Index recorded its biggest weekly gain in nearly two years, supported by the strong performance of AI-related companies' shares. Despite this, the gains were pared back at the end of the session due to rising doubts about negotiations between Iran and the United States to end the war. The index closed up by 0.28% at 71,250.06 points, marking its seventh consecutive gain and totaling a 7.9% increase for the week, the strongest performance since August 2024. Conversely, the broader Topix index declined by 0.57% due to weakness in the banking sector, while technology shares linked to AI continued to lead the market.

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