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Japan's Nikkei Rallies on Fresh Optimism over AI, Iran Peace Talks

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Tokyo, May 21 (QNA) - Japan's Nikkei share average climbed more than 3.14 percent, its biggest gain in two weeks, on renewed enthusiasm for technology stocks and easing geopolitical tensions linked to the Iran war.
The broader Topix climbed 1.64 per cent to 3853.81.

The Nikkei mirrored Wall Street gains ahead of earnings from AI bellwether Nvidia, which forecast sales above market estimates.

SoftBank Group, a major investor in the company and other AI ventures, surged to its daily limit.

The largest percentage gainers were SoftBank Group, up 19.9%, followed by Socionext, which jumped 19%, and Ibiden, trading 14.3% higher.

Among the stocks listed on the Nikkei index, 140 rose and 85 fell. (QNA)

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