Japan’s Nikkei share average surpassed the 67,000 mark for the first time on Monday, driven by gains in AI-related stocks, Reuters reported.
SoftBank Group, a Japanese multinational investment holding company, was the largest contributor to the Nikkei’s advance, with its shares rising 10.3%. The increase added 618 points to the index’s overall gain of 709 points. Following the rally, SoftBank’s market capitalization climbed to approximately $296.0 billion, surpassing Toyota Motor Corp.’s valuation of around $286.5 billion after Toyota shares fell 4.8%.
The move came after SoftBank announced over the weekend that it plans to invest about $87.3 billion...