Business · Markets · 2 hrs ago

Nikkei 225 falls as concerns about AI investment hit tech stocks

Nikkei 225 falls as concerns about AI investment hit tech stocks

Japan’s Nikkei 225 opened lower in Tokyo on October 23, extending its decline from the previous session.

It began trading at 62,667.05, down 240.79 yen from the day before.

US technology stocks had fallen sharply in the previous session.

Investors were worried about whether spending on artificial intelligence will generate enough returns.

AI and semiconductor shares faced early selling in Tokyo, including stocks with large influence on the index.

The Nikkei’s fall briefly came close to 400 yen after the market opened.

No further market developments were given.

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