Japan's Nikkei surge 0.87%

Japanese markets advanced as traders returned from a holiday. The Nikkei average surged 0.87 percent to 57,321.09, with fiber-cable makers leading the surge on talk of bigger AI infrastructure spending.

Shares of Furukawa Electric soared 15.3 percent. Defense stocks underperformed after China's commerce ministry banned selling "dual-use" goods to a list of Japanese companies over worries of military use.

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