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Nikkei
Source: Newsmaker.id
Japan’s Nikkei 225 index rose 2.87% to reach 60,459 in Tuesday’s trading session (November 10), marking its second consecutive day of gains. The rebound follows a strong performance on Wall Street and a recovery in semiconductor stocks, which had faced a sharp sell-off last week.
Sentiment toward the artificial intelligence (AI) sector has begun to improve, following a period of pressure driven by concerns over tightening regulations and a slowdown in data center development. Investors are now awaiting performance reports from the cloud computing firm CoreWeave for further insight into the strength of investment and demand within the AI sector.
Semiconductor-related stocks served as the primary drivers for the Nikkei. Kioxia Holdings surged 9.2%, Advantest rose 4.6%, Tokyo Electron climbed 6.1%, and SoftBank Group jumped 13.9%. These gains indicate that investors are returning to stocks that had previously been under significant pressure.
Nevertheless, sentiment in the chip sector is not entirely free from risk. Nvidia remains under scrutiny following a controversy involving its CEO, Jensen Huang. This situation has drawn investor attention, given that Nvidia is a key company and a barometer for the global AI industry’s development.
Newsmaker Analysis: The Nikkei’s rebound reflects a renewed interest in technology and AI stocks following last week’s sharp correction. However, the sustainability of this rally will depend heavily on the performance of AI companies, the outlook for data center development, and the direction of future regulations. Should sentiment toward the AI sector continue to improve, Japanese semiconductor stocks may well sustain their upward momentum. (srh)
Source: Newsmaker.id