Japan's Nikkei tracks Wall Street higher

TOKYO: Japan's Nikkei share average rose in early trade on Wednesday, led by technology stocks after US shares rebounded overnight from a sharp sell-off triggered by Chinese startup DeepSeek's launch of AI models.

The Nikkei was up 0.8 per cent at 39,314.32, as of 0014 GMT, after rising one per cent in early trade, while the broader Topix gained 0.4 per cent.

US stocks ended higher on Tuesday, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains.

Japan's semiconductor- and AI-related shares popped back on Wednesday, with chip-testing equipment maker Advantest, which counts Nvidia among its customers, adding 3 per cent.

AI-focused startup investor SoftBank Group and chip-making equipment giant Tokyo Electron also rose.

Related Articles