From BigGo Finance · BigGo Finance · · 50s
Nikkei Drops 482 Yen as AI Shares Fall
Tokyo stock market declines after AI-linked shares keep falling.
In brief
Tokyo stock market declines after AI-linked shares keep falling. Nikkei Stock Average fell 482.74 yen to 64,433.96 in afternoon session as AI-related shares continued selling. Originally reported by BigGo Finance.
Nikkei Stock Average
Nikkei Stock Average opened afternoon session at 64,433.96, down 482.74 yen from previous day's close.
AI-Linked Shares Fall
AI-related shares like SoftBank Group and Fujikura continued selling in Tokyo stock market.
Market Decline
80% of Tokyo stocks declined as nonferrous metals and banks fell hardest.
Foreign Markets
Dollar-yen pair strengthened to 158.40-50, Shanghai Composite near previous close.
US Market Impact
US tech stocks rebounded slightly after AI funding concerns eased.
Market Participants
Takashi Oikawa questioned semiconductor shares selling amid CoreWeave funding concerns.
What Happens Next
Investors expect earnings details to test AI investment profitability next week.
The short version
Nikkei Stock Average fell 482.74 yen to 64,433.96 in afternoon session as AI-related shares continued selling.
