The Nikkei 225 fell more than 1,700 points in early trading and touched an intraday low of 60,448.90 before trimming part of the decline. Weakness in semiconductor stocks, concerns over slowing AI-related demand and fears of a yen carry trade unwind drove the selloff. The Japanese yen hovered near a 40-year low against the U.S. dollar, and South Korea’s KOSPI also came under heavy pressure.
The Nikkei 225 dropped more than 1,700 points in early trading, hitting an intraday low of 60,448.90 before it trimmed part of the decline.
Weakness in semiconductor stocks, concerns over slowing AI-related demand and fears of an unwind in the yen carry trade drove the selloff in the Nikkei 225.
The Japanese yen, meanwhile, hovered near a 40-year low against the U.S. dollar.
Japan’s decline also followed sharp losses across Asia. South Korea’s KOSPI came under heavy pressure after recent circuit breakers.
Source: Coinpedia Fintech News (snippet-based)
Trading involves risk.
Risk Disclaimer
