Japanese Shares Trim Weekly Losses
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Japanese shares saw a rebound, with the Nikkei 225 rising 1.3% to 53,123 and the TOPIX increasing by 0.9% to 3,645, reducing weekly losses to 0.4%. This improvement was driven by global efforts to restore Gulf oil shipments amid ongoing conflict in Iran, which has affected energy markets. Optimism surrounding AI growth also contributed, with notable gains in AI-related stocks like Furukawa Electric and Fujikura. The positive sentiment is bolstered by expectations of strong corporate performance in the upcoming earnings season.
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