Japanese Stocks Eke Out Gains on AI Reassurance, Mood Cautious
Japanese stocks eked out small gains after upbeat comments from big tech firms eased concerns about whether their heavy spending on artificial intelligence will pay off.
Still the overall mood remained cautious as the Federal Reserve did little to revive investors’ confidence on future US rate cuts.
Investors also fret over challenges Chinese AI startup DeepSeek pose on tech firms in the West.
Topix Index rose 0.2% to 2,781.93 by close
Nikkei advanced 0.3% to 39,513.97
Investors took comfort from bullishness among key players in the AI space as shares of Tesla and Meta rose after earnings, with the former predicting an “epic” period of growth and the latter saying 2025 will be a “really big year”.
Source: Bloomberg