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Nikkei drops to two-month low
The Japanese Nikkei index fell to its lowest level in two months amid broad sell-offs in the semiconductor and technology sectors, as investors awaited the earnings reports of major tech companies. Shares of companies like QX Holdings, Advantest, and Tokyo Electron declined by up to 18% and 10%, respectively, despite Japanese bond yields remaining stable at 2.775% and the yen exchange rate holding at 163.70 against the dollar. Experts attributed this decline to a wave of selling in artificial intelligence stocks, emphasizing that there is no direct connection to the Japanese economic situation.
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