Nikkei falls 1% as SoftBank sinks 6%: is Japan’s AI trade starting to crack?
Japan’s Nikkei 225 fell more than 1% on Friday as a fresh sell-off in AI-linked shares collided with $100-plus oil and still-elevated global bond yields, leaving Tokyo at the centre of a broader retreat in risk assets. The index was down about 1.1% at 68,266.74 in afternoon trade, roughly 3.4% below Tuesday’s close above 70,680. SoftBank Group dropped more than 6%, while Kioxia Holdings and other semiconductor names also fell. The move followed another weak session for US technology shares, where the Nasdaq Composite lost 1.25% and the S&P 500 declined 0.47%. The Dow Jones Industrial Average, by contrast, edged 0.1% higher. AI-heavy Nikkei takes the sharper hit The Nikkei is particularly exposed when investors cut AI risk. Technology accounted…
Japan’s Nikkei 225 fell more than 1% on Friday as a fresh sell-off in AI-linked shares collided with $100-plus oil and still-elevated global bond yields, leaving Tokyo at the centre of a broader retreat in risk assets. The index was down about 1.1% at 68,266.74 in afternoon trade, roughly 3.4% below Tuesday’s close above 70,680. SoftBank Group dropped more than 6%, while Kioxia Holdings and other semiconductor names also fell. The move followed another weak session for US technology shares, where the Nasdaq Composite lost 1.25% and the S&P 500 declined 0.47%. The Dow Jones Industrial Average, by contrast, edged 0.1% higher. AI-heavy Nikkei takes the sharper hit The Nikkei is particularly exposed when investors cut AI risk. Technology accounted…