Tokyo:The Nikkei index in Japan saw a significant decrease on Tuesday, closing lower as a selloff in AI-related stocks intensified following a decline in US chip shares. This was further exacerbated by geopolitical tensions affecting investor sentiment.
According to Qatar News Agency, the benchmark Nikkei 225 fell by 1.82%, ending at 67,777.52 points, marking its fourth straight session of decline. In contrast, the broader Topix index managed a slight rise of 0.14%, closing at 4,110.67 points.
Kioxia Holdings experienced a sharp drop of 13.28%, while Kokusai Electric and Sumco saw declines of 9.53% and 8.64%, respectively. However, not all stocks followed this downward trend. Pan Pacific International led the session's best performers with a 4.01% increase, followed by Sumitomo Corp rising by 3.79% and Kawasaki Kisen Kaisha by 3.53%.
