Japanese Shares Head for Weekly Gains
2026-11-13 01:02
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index climbed 1.5% to above 61,700 on Friday, posting gains in four of the past five sessions and putting the index up more than 7% for the week, its strongest weekly performance since June.
Japanese equities recovered from Thursday’s losses as investors reassessed the broader implications of Nvidia’s leadership changes for the artificial intelligence sector.
Nvidia CEO Jensen Huang stepped down following reports of extramarital affairs, with CFO Colette Kress assuming the role of interim CEO.
Meanwhile, market participants are anticipating Anthropic’s highly awaited IPO next week, which has attracted orders equivalent to roughly six times the shares available, highlighting strong investor demand for the AI company.
Technology and AI-related stocks led the market rebound, including Kioxia Holdings (2.8%), Advantest (6.4%), Tokyo Electron (2.9%), Lasertec (2.9%) and Ibiden Co (2.5%).