Japan’s Nikkei set for biggest weekly gain in five months as AI optimism lifts sentiment

Japan’s Nikkei share average is on track for its biggest weekly gain in five months, rebounding from a sharp decline last week as upbeat corporate earnings and renewed optimism around artificial intelligence (AI) stocks lift investor sentiment despite uncertainty around chipmaker Nvidia.

The Nikkei rises 1.25% to 61,576.91 as of 0140 GMT on Friday, putting it on course for a 7.3% gain for the week. This would mark its strongest weekly performance since the week of June 15.