Japanese stocks rebound post AI crisis
The Japanese Nikkei index finished its rise by approximately 1%, reaching 64,082.36 points, supported by a rebound in SoftBank shares, which recovered part of their previous losses of 10.7% following a sell-off triggered by warnings from AI industry leaders about a slowdown in the development of the technology. The Topix index remained steady at 4,057.06 points, with shares of chip companies like Kioxia and Advantest rising, while demand for value stocks declined due to decreased market activity after Hikary Tetsushin announced a tender offer for Leopalace shares.
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