Global Market: Japan’s Nikkei Falls as Chip Stocks Retreat on AI Spending Concerns
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7 Articles
The Economic Times
Times of IndiaGlobal Market: Japan’s Nikkei falls as chip stocks retreat on AI spending concerns
Japans Nikkei slipped as semiconductor stocks retreated amid concerns over the sustainability of AI infrastructure spending into 2027. Tokyo Electron and Screen Holdings led losses, while gains in cybersecurity and IT services stocks limited the broader markets decline.
Japan's shares declined by about 2.7% during Thursday's dealings with yen, with renewed concerns about sustained spending on artificial intelligence, prompting investors to reap profits and move away from the shares of chips and technology companies. Chip companies led losses, with Adventist's stock falling by 6%, and Tokyo's electron by 7%.
Nikkei Sinks More Than 2% as Tokyo Electron Leads Chip Rout and AI Spending Doubts Rattle Japanese Investors
Japan's Nikkei 225 fell 2.65% as semiconductor stocks slumped, with investors worried that global AI infrastructure spending could slow in 2027 and weaken chip demand.
The Nikkei 225 average on the Tokyo Stock Exchange fell sharply on the 22nd. The closing price was 62,907.84 yen, down 1,713.40 yen from the previous day, reaching its lowest level in about three months. Semiconductor-related stocks fell following earnings announcements from overseas companies, dragging down the market.
Tokyo: Japan's Nikkei average fell on Thursday as semiconductor stocks gave back the previous day's gains. Investors are cautious about the outlook for AI-related spending next year. Shares of U.S. semiconductor manufacturing equipment maker Lam Research fell in after-hours trading after the Wall Street market closed on Wednesday. Kazuyoshi Saito, an analyst at Iwai Cosmo Securities, pointed to concerns about demand from China. "In China, there …
Asian stock markets opened mostly lower as investors worried about the sustainability of AI growth. The Nikkei, Hang Seng, and KOSPI weakened, while China opened slightly higher. The Bank of Korea kept its interest rate at 3% after September inflation exceeded its 2% target. The post “Asian Stocks” Open Mostly Lower, Concerned About AI Business and High Interest Rates appeared first on Business Online Stock News.
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