Nikkei Stock Average Closes 4.9% Lower at 64,425.95
Story updates
06:48:29 AM UTC
SquawkNews
Japan's Nikkei share average tumbled nearly 5% on Thursday, with tech stocks hit hard by media reports about distressed debt at US cloud-computing provider CoreWeave, while hot US inflation figures sparked fears of higher interest rates.The tech-heavy Nikkei TVC:NI225 ended the day down 4.9% at 64…
06:54:11 AM UTC
SquawkNews
By Sherry Qin and Ron HaruiJapanese stocks tumbled amid renewed questions about the sustainability of massive artificial-intelligence investments as markets repriced Federal Reserve interest-rate-hike prospects.The benchmark Nikkei Stock Average closed 4.9% lower at 64425.95 on Thursday, its bigges…