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Japan's Nikkei tracks Wall Street higher
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Japan's Nikkei tracks Wall Street higher
Jan 28, 2025 4:51 PM

TOKYO, Jan 29 (Reuters) - Japan's Nikkei share average

rose in early trade on Wednesday, led by technology stocks after

U.S. shares rebounded overnight from a sharp sell-off triggered

by Chinese startup DeepSeek's launch of AI models.

The Nikkei was up 0.8% at 39,314.32, as of 0014 GMT,

after rising 1% in early trade, while the broader Topix

gained 0.4%.

U.S. stocks ended higher on Tuesday, with Nvidia ( NVDA )

and other artificial intelligence-linked technology shares

recovering from sharp losses the previous day as investors

snapped up bargains.

Japan's semiconductor- and AI-related shares popped back on

Wednesday, with chip-testing equipment maker Advantest ( ADTTF ),

which counts Nvidia ( NVDA ) among its customers, adding 3%.

AI-focused startup investor SoftBank Group and

chip-making equipment giant Tokyo Electron ( TOELF ) also rose.

(Reporting by Brigid Riley; Editing by Subhranshu Sahu)

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