finance
Nikkei Stock Average Falls More Than 4,100 Points in Afternoon Trading
The 225-issue Nikkei stock average dropped below 63,000 on an intraday basis for the first time in about a month. The decline followed overnight losses in U.S. semiconductor and artificial intelligence shares.
Jul 17, 1:22 AM·1m read1 source
Japan TimesAudio version
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The 225-issue Nikkei stock average fell more than 4,100 points on Friday afternoon. , the index stood at 62,704.60, down 4,130.94 points or 6.18 percent from Thursday's close. The drop occurred after overnight declines in U.S.
semiconductor and artificial intelligence shares. Memory chipmaker Kioxia Holdings and other Nikkei component issues came under selling pressure. An official of a bank-affiliated securities firm said the decline reflected a view that the boom in generative AI-related stocks is about to end.
A market source said selling occurred to lock in profits ahead of upcoming earnings reports in the United States and Japan. The index slipped below 63,000 on an intraday basis for the first time in about a month.
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