Tokyo stocks mixed in morning on easing AI growth concerns, oil rise
TOKYO (Kyodo) -- Tokyo stocks were mixed Wednesday morning, with artificial-intelligence shares advancing on receding concerns about the companies' gr
Tokyo stocks opened mixed on Wednesday, with artificial-intelligence shares advancing as concerns about their growth prospects eased. The Nikkei Stock Average rose 1.26 percent to 64,067.10 points, while the Topix index fell by 0.02 percent to 3,996.53 points. However, the broader market saw some selling after crude oil futures rose.
The U.S. dollar traded in the upper 157 yen range ahead of policy decisions by the U.S. Federal Reserve and Bank of Japan. Heavyweight AI- and semiconductor-related shares were bought, following gains in their U.S. counterparts on positive details in Anthropic's initial public offering prospectus. Meanwhile, Canon shares fell 5.8 percent after a downward revision to its full-year operating profit guidance.
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