Nikkei closes on a high as AI stocks rally

The Japanese Nikkei Index rose by 4.6% to reach its highest closing level ever, following Micron's quarterly earnings and revenue forecasts that exceeded expectations. This boosted investor confidence in the technology and artificial intelligence chip sectors. These positive outlooks led to a significant increase in shares of chip and technology companies, while energy and mining stocks declined due to falling oil prices. Additionally, the Japanese market experienced bond yield volatility amid concerns over increased government spending and investments in strategic sectors.

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