Japan's Nikkei Rebounds 2% After Tech Stock Rout
AI shares regained some losses as investors weighed mixed inflation data and awaited U.S. price readings and earnings from major chip and cloud firms.
6 Articles
6 Articles
Asian Shares Mixed In Cautious Trade; Nikkei Rebounds Over 2%
Asian stocks ended mixed on Monday, even as artificial intelligence stocks recovered some ground lost in last week's sell-off on fears that tighter regulations on data center construction, energy use, and development costs could slow the AI infrastructure boom.
The Economic Times
Times of IndiaJapan's Nikkei rebounds 2% after tech stock rout
Japan's Nikkei 225 rebounded 2% on Monday following a sharp technology stock selloff that pushed the benchmark into bear market territory. The recovery was driven by Wall Street gains and tech sector stabilization, though market sentiment remained cautious amid ongoing Middle East tensions and US regulatory concerns.
Japan's shares rose at the end of today's Monday's dealings, partly to offset its severe losses at the previous meeting, after a wave of sales by its leaders of technology's shares pushed the indicator Niki 225 to the bottom of the market. While the return on Japan's government bonds for 10 years increased by 1.9 basis points at 2.662%, the value of the US currency in front of its Japanese counterpart declined by 0.25% [...] Japanese Nikki's art…
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