Nikkei nears bear market as AI rout batters tech valuations
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com-- Japan's Nikkei 225 index approached bear-market territory on Friday, as a deepening global selloff in artificial intelligence and semiconductor stocks triggered another wave of heavy selling in technology-heavy Japanese companies. Still guessing which stocks will…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe Nikkei is more than 20% below its record, with semiconductor stocks leading the selloff.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nikkei 225 fell 6.2% to 57,320.01 points.
- 02The index is more than 20% below its June 22 record of 72,831.73 points.
- 03Semiconductor-related shares led the retreat.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Kioxia Holdings Corp.8,552.00 n/a-1.79%today -8.28%Negative Advantest Corporation28,335.00 JPY+0.62%today -3.90%Negative SoftBank Group Corp.3,536.00 JPY-2.08%today -11.16%Negative Nikkei 22557,478.94-0.66%today -5.89%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets