Japanese Stocks Slip on AI Jitters
Japanese stocks edged lower on Friday, mirroring regional declines as concerns mount that the artificial intelligence-driven rally may lose steam. The Nikkei 225 slipped 57 points to open at 68,676.06. Japan's private sector expanded at its fastest pace in three months, with the au Jibun Bank Composite PMI rising to 52.8 in June, while the Services PMI came in at 52.2, signaling continued growth in business activity. Elsewhere, Japan has committed 2 trillion yen toward India's 10 trillion yen private investment target, with over 150 Japanese companies participating and approximately 120 cooperation agreements signed.
Japanese stocks edged lower on Friday, mirroring regional declines as concerns mount that the artificial intelligence-driven rally may lose steam.
The Nikkei 225 slipped 57 points to open at 68,676.06.
Japan's private sector expanded at its fastest pace in three months, with the au Jibun Bank Composite PMI rising to 52.8 in June, while the Services PMI came in at 52.2, signaling continued growth in business activity.
Elsewhere, Japan has committed 2 trillion yen toward India's 10 trillion yen private investment target, with over 150 Japanese companies participating and approximately 120 cooperation agreements signed.