Tokyo:Japan’s Nikkei index experienced an upward trend for the third consecutive session, driven by positive data and earnings reports that boosted confidence in the AI sector. The Nikkei 225 index increased by 0.80%, reaching 60,942.48 points, with 149 stocks showing gains while 75 recorded declines.

According to Qatar News Agency, the broader Topix index also saw an increase of 0.79%, climbing to 3,924.51 points. This positive movement comes after a sharp decline in global stocks associated with AI last week, triggered by concerns that the US Congress might decelerate investment in the sector following the Democrats’ victory in the midterm elections.