Japan's Nikkei retreats from record high as AI rally sparks caution - Reuters
Japan's Nikkei retreats from record high as AI rally sparks caution Reuters
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"Caution emerged for the high-pitched rally. The market sold AI-related shares that have gained in the latest sessions."
— Shunichi Otsuka , Executive
"Caution emerged for the high-pitched rally. The market sold AI-related shares that have gained in the latest sessions."
— Shunichi Otsuka , Executive
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxPbDk3dFlfUnRiejJ5a3BKSWFqY0NrbGFzYktBS2ZaYm1PRm1KUURFYkdqRGZiN3NYUk96SGxYSXBIUUFzWW9RT1QxMi1ONlJJNVdGYWNkdTktc1U2b2h2UEVwUzVMV1V0TnpUT2p0V3ZqNk9GNFBLcm82bmlVbldBenlsV0I4NGtRalZ0bGIwbU5TY2pwVlVTV3JOQUJoLXVJMnp4aS1LZjctOTZkUGdr?oc=5" target="_blank">Japan's Nikkei retreats from record high as AI rally sparks caution</a> <font color="#6f6f6f">Reuters</font>
Japan's Nikkei index pulled back from its record high on Wednesday as investor caution emerged regarding the rapid rise in AI stocks. Tokyo Electron and Advantest saw gains, but SoftBank Group experienced a significant drop. Banks and financials also contributed to the broader Topix index's decline.
Japan's Nikkei share average fell on Tuesday, retreating from a record high in the previous session, as investors locked in profits and rising oil prices weighed on sentiment. The Nikkei ended 0.25% lower at 64,996.09. The index jumped 2.87% to close at 65,158.19 on Monday, driven by AI-optimism bets. It gained 8.95% over the past three sessions in its steepest three-day gain in more than six years.
Japan's Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks. The Nikkei closed at 64,999.41, after rising as much as 2.2% earlier in the session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52% to 3,918.01.
Japan's Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks. The Nikkei closed at 64,999.41, after rising as much as 2.2% earlier in the session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52% to 3,918.01.
Japan's Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks. The Nikkei closed at 64,999.41, after rising as much as 2.2% earlier in the session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52% to 3,918.01.
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