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Japan's Nikkei slips as chip shares pressured by AI capex caution
TOKYO: Japan’s Nikkei share average declined on Thursday as chip-sector shares gave back the previous session’s gains, with investors cautious about the outlook for AI-related spending next year. Despite posting overall solid results after Wednesday’s Wall Street close, US chip equipment maker Lam Research shares slipped in extended trading, with Iwai Cosmo Securities analyst Kazuyoshi Saito pointing to worries about demand from China. “In China, there was a rush to procure manufacturing equipment ahead of schedule amid concerns over tighter regulations, and the market seems not to have fully ...
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