Japan's Nikkei falls on profit-taking

The Japanese Nikkei index declined by 3.6% to close at 69,788.38 points, falling below the 70,000 mark for the first time in a week. This drop followed a wave of gains led by artificial intelligence and semiconductor stocks. The decline came after the index reached record levels above 72,000 points, following extensive buying in technology shares. However, profit-taking soon set in, causing the market to retreat, with 184 out of 225 stocks posting losses. Many stocks associated with artificial intelligence, such as Quoxia and SoftBank, recorded significant declines.

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