Japan's Nikkei index pulled back from its record high on Wednesday. Investor caution emerged regarding the rapid rise in AI stocks. Tokyo Electron and Advantest saw gains, but SoftBank Group experienced a significant drop. Banks and financials also contributed to the broader Topix index's decline. Many stocks traded on the Tokyo Stock Exchange saw mixed results.

Japan's Nikkei share average reached a historic milestone, surpassing 65,000 for the first time. Optimism surrounding a potential peace deal in Iran fueled demand for risk assets.…

Nikkei average up 3% while oil prices fall; Tokyo leads global markets higher