Japan's Nikkei average regains 70,000 mark as AI optimism returns

What happened: Japan's Nikkei Stock Average crossed the 70,000 threshold during intraday trading on Monday, the first time in three months, as a tech rally lifted Tokyo stocks. Key numbers: Nikkei crossed 70,000 intraday, a three-month high. The September U.S. jobs report showed slower-than-expected growth. Why it matters: The weaker U.S. jobs report prompted investors to pare back bets on a Federal Reserve rate hike this month, and AI optimism returned to the market.

Japan's Nikkei Stock Average crossed the 70,000 threshold during intraday trading on Monday, the first time in three months, as a tech rally lifted Tokyo stocks.

The weaker U.S. jobs report prompted investors to pare back bets on a Federal Reserve rate hike this month, and AI optimism returned to the market.