Japanese stocks rose in trading on Tuesday, boosted by a decline in Japanese government bond yields from their record levels, which positively reflected on investor confidence. However, continued concerns about the valuations of some stocks linked to the artificial intelligence sector limited the pace of the Nikkei index’s rise.
The broader Topix index rose 0.5% to close at 3423.25, approaching its record high recorded earlier this month at 3434.60.
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In contrast, the Nikkei index closed stable at 50412.87, as losses in Advantest, a manufacturer of chip testing equipment, negatively affected the performance of most of the stocks listed on the index. Looking at the 225 stocks comprising the Nikkei index, 162 stocks rose while 62 stocks fell, while one stock remained unchanged.
