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Nikkei Japan Falls About 5% Amid Wave of Chip Sell-Offs

Nikkei Japan Falls About 5% Amid Wave of Chip Sell-Offs

The Japanese Nikkei Index declined by more than 5%, marking its largest drop in four months, due to a broad sell-off of technology and electronic chip stocks linked to artificial intelligence. Additionally, rising geopolitical tensions in the Middle East pushed oil prices higher. This came after shares of major companies like Keya Holdings and Sumco fell, amid concerns about the sustainability of rising chip prices and the impact of escalating regional tensions on financial markets.

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