Japan's Nikkei share average relinquished its early gains and finished lower on Wednesday, as investors offloaded growth stocks following a surge in the nation's benchmark 10-year yield to its highest level in over 12 years.
The Nikkei declined by 0.77% to close at 38,556.87, after initially rising by as much as 0.7%. The earlier gains were driven by the robust performances of U.S. chip-related stocks, particularly buoyed by the success of AI frontrunner Nvidia.
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