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Global Market: Japan's Nikkei extends rally on AI boost, but US-Iran impasse weighs

Japan's Nikkei index has extended its rally for the third consecutive day, driven by a surge in AI-related stocks. Companies such as Sumco and Taiyo Yuden have reached new highs, reflecting growing optimism among manufacturers. However, the ongoing impasse in US-Iran negotiations and persistent market fluctuations pose significant challenges, particularly regarding rising costs and supply chain issues, highlighting the complex interplay between technological advancements and geopolitical factors.