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The Economic Times
The Economic Times

Global Markets: Japan's Nikkei retreats from record high as AI rally sparks caution

Japan Advantest SoftBank Group Tokyo Electron Tokyo Stock Exchange

Japan's Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks.

The Nikkei closed at 64,999.41, after rising as much as ‌2.2% earlier ⁠in the ⁠session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52% to 3,918.01.

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