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E-mail Xinhua, January 22, 2025
TOKYO, Jan. 22 (Xinhua) -- Japan's key stock index extended its gains for a third consecutive day on Wednesday, boosted by SoftBank Group's AI-focused investment plan.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed 618.27 points, or 1.58 percent higher at 39,646.25.
SoftBank Group led the rally after announcing an ambitious AI-focused investment over the next four years in collaboration with U.S. companies OpenAI and Oracle.
The positive sentiment from a rise in U.S. stock indices the previous day further fueled buying in the Tokyo market.
Despite some caution among investors awaiting U.S. policy developments and the Bank of Japan's upcoming monetary policy meeting, foreign investors actively drove the market higher, absorbing profit-taking along the way.
The broader TOPIX index gained 23.69 points, or 0.87 percent, to close at 2,737.19.
On the Tokyo Stock Exchange Prime Market, advancing issues outnumbered decliners, with 1,046 stocks rising, 514 falling, and 82 remaining unchanged. Enditem
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