Japan’s Nikkei falls 2.7% as chip shares slump on AI spending caution
The Nikkei closed down 2.7% at 62,907.84 on Thursday, reversing Wednesday’s 0.9% gain, as investors grew more cautious about AI-related spending. The Topix also fell.
Japan's Nikkei share average tumbled on Thursday as chip-sector shares slumped with investors turning increasingly cautious about the outlook for AI-related spending.The tech-heavy Nikkei TVC:NI225 fell 2.7% to close at 62,907.84, undoing all of Wednesday's 0.9% rally.The broader Topix TSE:TOPIX sl…