Japanese stocks decline on tech sell-off
The Japanese Nikkei Index declined by 2% on Thursday, affected by losses in major technology company stocks such as AMD and SpaceX, amid renewed concerns over AI-related spending. Shares of chip manufacturing and AI equipment companies fell between 4% and 6.6%. However, the broader TOPIX index experienced only a modest decline of 0.4%, supported by falling oil prices and rising shares of food companies, such as Cikoman, whose stock increased by over 12%.
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