Japan's Nikkei index hits new record high, boosted by artificial intelligence stocks

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TOKYO, June 19 (Reuters) - Japan's Nikkei index hit a new record high on Friday, boosted by investors buying artificial intelligence-related stocks following a sharp rise in U.S. semiconductor stocks.

The Nikkei index rose 0.78 percent to 71,608.95 by 0138 GMT, after hitting a record high of 71,952.99 earlier in the session.

The broader Topix index fell 0.24 percent to 4058.54.

Kazuaki Shimada, chief strategist at Ewai Cosmo Securities, said, "Investors had no choice but to buy shares linked to semiconductor companies after the sharp rise in U.S. semiconductor stocks last night."

Shares of technology investment firm SoftBank Group and chip testing equipment manufacturer Advantest rose 3.25 percent and 4.19 percent respectively.

Bank stocks dragged down the Topix index, with shares of Mitsubishi UFJ Financial Group and Mizuho Financial Group each falling by about three percent.

(US$1 = 161.1100 yen)


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