Japan's Nikkei index staged a remarkable comeback, closing higher after significant early losses. This reversal was driven by chip-related stocks, which recovered following South Korea's announcement of massive investments in chip and AI mega-projects. Investors shifted focus, boosting companies like Nintendo and Sony, while energy stocks experienced a downturn. The market sentiment reflected a complex interplay of global tech developments and economic concerns.
Japan's Nikkei index reversed early significant losses to close higher, driven by a strong recovery in chip-related stocks. This turnaround followed South Korea's announcement of massive investments in chip and AI mega-projects, shifting investor focus. Companies like Nintendo…
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