One Turn
Japan's Nikkei falls as chip stocks slump
Japanese stocks fell as US midterm results hit tech shares. The Nikkei dropped as much as 4.8% during the session, with chip and AI shares down more than 13%.
Why it matters
Falls in chip stocks reflect doubts about the AI building boom.
Background
Voters in several US states backed limits on data centers.
The story so far
- Japanese budget chain Saizeriya raises menu prices
- Chip maker Kioxia warns price spikes leveling
- Japan's Nikkei falls as chip stocks slump
- Nikkei drops 6.3% as Asian chip stocks tumble
- Asian chip stocks tumble with Nasdaq
- Asian tech stocks rebound as oil falls
Sources
- Japan Times ↗Nov 4, 12:23 AM ET
- Yonhap ↗Nov 4, 9:33 PM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.