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Japan's Nikkei slumps as Wall Street tech selloff bites
TOKYO: Japan’s Nikkei share gauge slumped on Friday, tracking a tech-led selloff on Wall Street overnight as chip and AI-linked shares came under pressure. The benchmark Nikkei 225 fell 1.71% to 61,832.66 in early trading. The broader Topix slipped 1.26% to 3,947.11. The Nasdaq slid 2.6% and the S&P 500 fell 1.21% on Thursday, with technology leading sector declines as investors rotated into defensive areas such as consumer staples and healthcare. Nvidia sank about 4% in the AI and semiconductor selloff, while Meta dropped 7% after earnings as investors focused on its AI spending, and Tesl...
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