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Nikkei drops 0.7% amid AI stock concerns
The Japanese Nikkei index declined by 0.7% to close at 65,528.09 points, amid pressure on artificial intelligence company stocks ahead of Nvidia's earnings announcement. Stocks related to artificial intelligence saw notable declines, with Fujikura down 5%, Advantest falling 3.9%, and SoftBank Group decreasing by 5.3%, while Tokyo Electron’s share rose 1.6%. Additionally, AI company stocks in the Asian market also declined, with Samsung dropping 9% and Alibaba decreasing by 10.5%.
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