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Japan's Nikkei slides as AI stocks tumble, geopolitical risks weigh
TOKYO: Japan’s Nikkei slid on Tuesday as a selloff in AI-related stocks gathered pace after weakness in US chip shares, while geopolitical tensions further dampened risk sentiment. The benchmark Nikkei 225 fell 2.64% to 67,206.79 in early trade, poised for a fourth consecutive session of decline. The broader Topix slipped 0.56% to 4,081.76. Wall Street’s tech-heavy Nasdaq dropped 0.44% overnight as chip stocks retreated, while concerns over the US Federal Reserve’s next policy move and geopolitical risks in the Middle East and Ukraine kept investors cautious. Data on Tuesday showed Japan’s who...
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