The Nikkei 225 Index jumped 1.4% to close at 50,851, while the broader Topix Index advanced 1.98% to 3,424 on Friday, reversing the prior session’s losses and following a strong lead from Wall Street, where the Dow and S&P 500 closed at fresh record highs. Those moves came as the latest US Federal Reserve rate cut prompted a rotation out of richly valued tech and AI-related names and into sectors that stand to benefit from robust economic growth. Still, investors stayed cautious ahead of the Bank of Japan’s policy meeting next week, where it is expected to raise interest rates. SoftBank Group jumped 3.9% following reports that it is studying potential acquisitions including data center operator Switch Inc to ramp up its AI investments. Other notable gainers included Kioxia Holdings (2.9%), Mitsubishi UFJ (2.5%), Toyota Motor (4.8%), Fujikura (1.5%) and Nintendo (2.9%). For the week, the Nikkei and Topix indexes added 0.8% and 1.82%, respectively.