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Nikkei reaches new high over 67,000
Japanese stocks continued to hit new record highs, with the Nikkei index surpassing the 67,000-point mark for the first time in its history during the day. The gains were driven by strong performances from companies related to artificial intelligence, notably SoftBank Group, which became Japan's most valuable company, overtaking Toyota. The index rose by 1.1% to 67,038.24 points, with SoftBank's stock soaring 10.3%, contributing approximately 618 points to the market gains and elevating its market value to around 47.2 trillion yen. These gains followed SoftBank's announcement of a commitment to invest about $87.3 billion over five years to develop AI infrastructure in France, reflecting its focus on growth in the artificial intelligence sector. Meanwhile, the automotive sector experienced a significant decline, with its index falling by 4.2%, whereas technology companies like Morata saw their shares increase by 14.1%.
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