The Nikkei 225 index in Japan recovered to 57,321.09 yen, driven by optimism around AI investments despite ongoing uncertainties regarding U.S. tariffs.
On October 24, the Nikkei average closed higher at 57,321.09 yen, marking an increase of 495.39 yen (0.87%) from the previous Friday. The market initially fell due to lingering uncertainties surrounding tariff measures from the Trump administration, but optimism regarding continued investment in artificial intelligence (AI) fueled gains in related stocks, driving the Nikkei to rise by over 500 yen at one point.
This market rebound came in the wake of a U.S. Supreme Court ruling deeming the tariffs imposed by the Trump administration illegal, leading to the former president signaling the implementation of alternative tariffs. The increased uncertainty influenced the Dow Jones Industrial Average, which closed down 821.91 points (1.66%) at 48,804.06 dollars in the New York stock market on October 23, reflecting unease among major companies in the U.S.
Despite the initial decline, the Japanese government's expectations for increased investment in the U.S., coupled with reports of NVIDIA's investments in OpenAI, sparked renewed enthusiasm among investors, particularly in AI-related sectors. This shift illustrates the interconnectedness of global markets and the potential impact of strategic investments in emerging technologies.
