Japan’s Topix Rises as Banks Extend Rally; Some AI Stocks Drop

Japan’s broader Topix index rose for a third consecutive day as banks advanced on hopes for higher interest rates, although profit-taking in the AI sector limited the Nikkei’s gains.

Sony Group Corp. contributed the most to the Topix Index gain, increasing 2.8%. Out of 1,666 stocks in the index, 1,264 rose and 356 fell, while 46 were unchanged.