Japan Nikkei Drops 3 Percent on AI Concerns
Japan shares fell sharply as chip stocks tumbled following weak tech earnings and growing concerns over AI spending sustainability. Tokyo Electron and Advantest led the losses while lower oil prices offered some support ahead of the Bank of Japan policy decision.
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Japan's Nikkei share average dropped 2.8% on Friday morning, led by a 3% early slump as artificial intelligence spending concerns rattled global equities. The sell-off tracked overnight losses on Wall Street following weak tech earnings.
