TOKYO, Oct 29 (Reuters) - Japan's Nikkei share average
rose to a record high on Wednesday, as investors drew confidence
from Wall Street's overnight strength on optimism surrounding
investments in the artificial intelligence sector.
The tech-heavy Nikkei 225 Index jumped 1.3% to
50,867.58. The broader Topix edged 0.03% higher.
All three major U.S. stock indexes closed at record highs
after Nvidia ( NVDA ) said it will build artificial intelligence
supercomputers for the U.S. energy department.
Shares of Microsoft ( MSFT ) jumped after the tech company
reached a deal that permits OpenAI to restructure into a public
benefit corporation while giving Microsoft ( MSFT ) a 27% stake in the
ChatGPT maker.
The largest percentage gainers in the Nikkei were chip
sector heavyweights Advantest ( ADTTF ), up 15.5%, followed by
Lasertec ( LSRCF ), which jumped 5.9%.
The largest losers were Nidec ( NNDNF ) down 4.5%, followed
by SHIFT, which lost 4.1%.
A firmer yen, however, acted as a headwind for most
companies. There were 52 advancers in the Nikkei index against
173 decliners.