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Japan's Nikkei slides to one-week low as profit-taking hits tech stocks
Japan's Nikkei index tumbled to a one-week low after a streak of all-time high gains, as investors decided to cash in on profits. The pullback was broad-based, primarily driven by declining AI and semiconductor stocks that had previously led the surge. Analysts warn the market was overheating, hinting at an inevitable correction, although some defensive stocks managed to perform well during this downturn.
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economictimes.indiatimes.com
Japan's Nikkei slides to one-week low as profit-taking hits tech stocks
Japan's Nikkei index tumbled to a one-week low after a streak of all-time high gains, as investors decided to cash in on profits. The pullback was broad-based, primarily driven by…
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Japan's Nikkei falls on Fed rate-hike bets, tech valuation concerns
The Nikkei index in Japan fell for a consecutive second day amid worries about potential interest rate increases by the US Federal Reserve and uncertainties in AI sector…
