The Nikkei 225 Index Closes 1.85% Higher

The Nikkei 225 Index rose 1.39% to close at 65,324 on Friday, recouping some losses from the previous session as selling pressure on technology stocks eased, while investors continued to evaluate the outlook for the artificial intelligence sector. Sentiment improved after TSMC reported a record third-quarter profit, while Nvidia CEO Jensen Huang defended the financial health of AI computing provider CoreWeave Inc. Meanwhile, Anthropic recorded a nearly twelvefold increase in third-quarter revenue to $16.8 billion. Additionally, Federal Reserve Chair Kevin Warsh refrained from signaling an imminent interest rate hike despite hotter-than-expected US inflation data during his remarks in Bangkok. Notable tech gainers include Kioxia (3.8%), Taiyo Yuden (2.1%) and Lasertec (5.1%). Financial and consumer stocks such as Mitsubishi UFJ (1.8%) and Toyota Motor (2.2%) also advanced. Despite Friday’s rebound, the Nikkei 225 fell 5.37% over the week, marking its steepest weekly decline since July.

The Nikkei 225 Index rose 1193 points or 1.85 percent on Friday to close at 65619 points. Leading the gains are Takara (14.56%), Furukawa (7.21%) and Kawasaki (6.88%).

The Nikkei 225 Index rose more than 1% to above 65,000 on Friday, recovering some of the previous session’s losses as selling pressure on technology stocks eased, while investors continued to evaluate the outlook for artificial intelligence. The rebound followed comments from Nvidia CEO Jensen Huang, who defended the financial position of AI computing provider CoreWeave Inc. amid growing concerns about the financial health of companies involved in the AI buildout. Meanwhile, market participants awaited remarks from Federal Reserve Chair Kevin Warsh, who was scheduled to join International Monetary Fund Managing Director Kristalina Georgieva for a fireside chat in Bangkok. Notable tech gainers include Kioxia (0.7%), Advantest (0.7%) and Lasertec (3%). Financial and consumer stocks such as Mitsubishi UFJ (2%) and Toyota Motor (2.1%) also advanced. Despite Friday’s recovery, the Nikkei remained on track to post a weekly loss of more than 5%.