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via seekingalpha.comMarkets

Nikkei enters bear market on AI sell-off, SoftBank slides 11%

FROM THE WIRE · SEEKINGALPHA.COM

[Bear Market] DNY59 Japan's benchmark Nikkei 225 index (NKY:IND [https://seekingalpha.com/symbol/NKY:IND]) entered bear market territory on Friday, driven by a broader selloff in AI-related stocks that wiped out $2.5T from the tech-heavy Nasdaq 100 index. Democrats' sweeping…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA Nikkei bear market signals heavy selling risk across Asia's technology sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nikkei 225 slumped 6%, closing below 60,000 for the first time since May.
  2. 02The index is now 20% below its June peak.
  3. 03Fears that data center construction could slow weighed on AI-related stocks.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
SoftBank Group Corp.SFTBYStock11.17 USDMarket closedtoday -14.41%Negative Nikkei 225INDEX:N225Index57,434.77Market closedtoday -5.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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