Nikkei 225 falls 5% on rate and AI concerns
16 Articles
16 Articles
The Japanese Nikki index fell by about 5% today Thursday, affected by severe losses of technology stocks following media reports of troubled debts of the United States company Cor Wave for cloud computing and fears of raising the United States interest rate.
Tokyo, 15 Oct (EFE).- The main index of the Tokyo Stock Exchange, the Nikkei, fell more than 5% in the half session this Thursday, weighed by losses of companies linked to artificial intelligence (IA) and semiconductors, as well as inflation in the United States. After the first [...] The entry The Nikkei expands its losses and falls 5% in the half session due to technology was first published in HolaNews.
Global Market: Japan’s Nikkei plunges nearly 5% as AI stocks tumble on CoreWeave debt concerns
Japan’s Nikkei 225 plunged, while the broader Topix fell 2.5%, as AI-linked stocks led a broad selloff. Sentiment was hit by concerns over the financial health of US cloud-computing firm CoreWeave and fears of higher interest rates following hotter-than-expected US inflation data, Reuters reported. Chip equipment makers Advantest and Tokyo Electron tumbled 13.9% and 7.3%, respectively, while SoftBank Group slid 9.4%.
Sitting strongly down on the Tokyo Stock Exchange, where the Nikkei surrenders over 4% when less than an hour is missing to the half-day break. (ANSA)
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