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Asian stocks fall sharply as Japanese Nikkei drops 5%
Asian stocks declined sharply, with the Japanese Nikkei index dropping 5% due to widespread sell-offs of semiconductor and artificial intelligence company shares. Markets faced pressure amid concerns over the sustainability of demand for AI technologies. At the same time, oil prices rose as the conflict in the Middle East intensified. Meanwhile, U.S. stock indices fell despite positive earnings reports from major companies, with the Dow Jones dropping 0.2% and the Nasdaq decreasing by 1.5%.
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