Hacker News · AI· geox·· 4 hours agoSelectedAI score69
Nikkei Breaks Below 60,000 Mark, Nears Technical Bear Market Amid AI Sell-Off
Japan's Nikkei Poised to Enter Bear Market as AI Selloff Deepens
AI guide
Driven by investors unwinding AI-related trades, Japan's Nikkei 225 plunged as much as 7.1% on Friday to 56,745.81 points, breaking below the key 60,000-point mark and retreating 20% from its June high to approach a technical bear market. The broader Topix fell 6.4%, marking its steepest drop since April 2025. Shares of cable manufacturer Furukawa Electric and semiconductor maker Rohm both sank by more than 10%.
Why it matters
The original article details the specific declines and companies impacted as the AI asset sell-off spilled over into Japanese tech stocks, allowing readers to gauge the broader capital market ripple effects on the AI sector.
Source:Hacker News · AI · bloomberg.com