Japan's Nikkei Ends Higher as AI-Related Shares Rise
Tokyo, May 12 (QNA) - Japan's Nikkei share average ended higher after choppy trade on Tuesday, as investors bought shares that would benefit from growth in artificial intelligence.
The Nikkei rose 0.52 percent to 62,742.57, after briefly entering negative territory. The broader Topix climbed 0.83 percent to 3,872.9.
Tokyo Electron gave up early losses to end 0.14 percent higher, while Advantest, which fell as much 1.5 percent, recovered most of its loss to edge 0.26 percent lower.
Furukawa Electric jumped 16 percent after the fiber optic cable maker announced a stock split. Its peer Fujikura jumped 11.6 percent. They became top percentage gainers on the Nikkei.
Ibiden jumped 5.7 percent after the maker of smartphone components raised its annual sales and profit forecasts. Technology investor SoftBank Group rose 4.25 percent. Trading houses Mitsubishi Corp and Mitsui & Co rose 4.72 percent and 3.88 percent, respectively.
In contrast, Uniqlo brand owner Fast Retailing fell 3.77 percent, weighing the most on the Nikkei.
Of the more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 42 percent rose, 53 percent fell, and 3 percent traded flat. (QNA)
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