Nikkei, Topix, CSI 300: Tech rally lifts Asian stocks despite Middle East escalation
While enthusiasm for Artificial Intelligence is overshadowing concerns about the Middle East war in Japan, the impact of the conflict is playing a bigger role in China.
Asian stock markets showed resilience on Wednesday despite escalating tensions in the Middle East. Japan's Nikkei-Index rose 0.4% to 65,495 points, while the Topix gained 0.3% to 4,064 points. In China, the Shanghai stock exchange gained 0.3% to 3,953 points and the CSI-300-Index increased by 0.3% to 4,571 points. Maki Sawada, a strategist at Nomura Securities, attributed the Nikkei's performance to strong semiconductor and AI-related stocks.
China's producer prices rose 3.8% and consumer prices rose 0.8% in August, driven by higher energy costs.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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