Japan's Nikkei reverses course to end higher as chip-related shares cut losses

Japan's Nikkei index staged a remarkable comeback, closing higher after significant early losses. This reversal was driven by chip-related stocks, which recovered following South Korea's announcement of massive investments in chip and AI mega-projects. Investors shifted focus, boosting companies like Nintendo and Sony, while energy stocks experienced a downturn. The market sentiment reflected a complex interplay of global tech developments and economic concerns.