Japan's Nikkei falls over 5% amid AI spending concerns, fiscal pressures mount
Summary of 2 reports
Japan's Nikkei share average dropped more than 5% on Friday as technology stocks plunged over concerns about tighter regulation and potential slowdowns in AI-related spending, tracking steep overnight declines on Wall Street. The selloff comes as Japan faces fiscal pressures, prompting the government to consider tapping proceeds from Bank of Japan asset sales to address budgetary concerns.
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Japan to tap proceeds from BOJ asset sales as AI rout stokes fiscal worries (opens CNA in a new tab)
Japan's Nikkei slumps more than 5% as market rout deepens on AI worries (opens Business Recorder in a new tab)
TOKYO: Japan’s Nikkei share average fell more than 5% on Friday, as heavyweight technology stocks plunged over fears of tighter regulation and a potential slowdown in AI-related spending following the Democrats’ sweep in the US midterm elections. The selloff…
