The Nikkei 225 Index experienced an increase of 1.08%, concluding at 63,954 on Wednesday. This marks the second consecutive session of gains, influenced by positive movements on Wall Street, where robust performances from technology firms have enhanced optimism regarding the artificial intelligence sector.
Broadcom announced $63 billion in financing associated with Anthropic’s utilisation of its technology, while Oracle broadened its collaboration with OpenAI, and Meta’s $25 billion share offering experienced an oversubscription of five times. Meanwhile, South Korean chipmaker SK Hynix reported a significant rise in revenue and operating profit, bolstered by robust demand related to AI.
Investors are concentrating on significant central bank policy decisions scheduled for this week, with the Fed, ECB, and BOJ anticipated to maintain interest rates at their current levels as markets assess the likelihood of rate increases in December. Technology and AI-related shares spearheaded the advancements, with notable increases from Kioxia (13.8%), Advantest (3.2%), Taiyo Yuden (7.1%), SoftBank Group (4.7%), and Ibiden Co (7.9%).
