FX.co ★ Japanese Stocks Advance for Third Straight Session

The Nikkei 225 Index rose 0.6% on Wednesday to trade above 60,800, extending its winning streak to a third consecutive session. The advance followed stronger-than-expected earnings from neocloud firm CoreWeave, which helped alleviate worries surrounding the artificial intelligence sector. Sentiment toward AI-related stocks was further buoyed by reports that Anthropic could begin trading as early as next week, with plans to raise up to $90 billion at a diluted valuation of roughly $1.4 trillion.

Japanese equities also outperformed a lackluster overnight session on Wall Street, where Nvidia’s decline and hotter-than-forecast US inflation data weighed on broader markets. Technology and AI-linked names were among the standout performers in Tokyo, with Advantest up 0.7%, Taiyo Yuden gaining 3.6%, and Tokyo Electron advancing 1.1%. Financial and consumer stocks also strengthened, as Mitsubishi UFJ rose 1.7% and Fast Retailing added 1.1%.