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Japan's Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
Japan's Nikkei index experienced a significant drop of 4% on Friday, largely due to a sharp decline in tech investor SoftBank Group, which plunged over 12% following reports of a potential delay in OpenAI's IPO. This downturn erased previous gains, impacting other AI-related stocks. Despite the volatility, strategists anticipate a continued rally in AI and chip sectors, citing strong long-term earnings potential and an industry-wide revolution.
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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…
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Nikkei marks record closing high as AI shares rally on Micron forecast
Tokyo's Nikkei index soared to a record high, surging over 4% on Thursday. This significant jump was fueled by a powerful rally in AI-related stocks, particularly chipmakers,…
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cnbc.com
SoftBank sinks 12% as Asia tech rout tracks declines in the U.S.
SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure.
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cryptobriefing.com
SoftBank stock falls 12% on OpenAI IPO delay concerns
SoftBank shares dropped 12% on OpenAI IPO delay fears. With over $60B invested and a negative S&P credit outlook, the stakes couldn't be higher.
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adnkronos.com
Nikkei Average Dips below 70,000 in Morning
Tokyo, June 26 (Jiji Press)--Japan's benchmark Nikkei 225 stock average plunged to slip below 70,000 Friday morning as artificial intelligence-linked and other high technology…
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asia.nikkei.com
SoftBank shares slipped over 12% on concerns of OpenAI IPO delay
Tech stocks decline broadly, dragging Nikkei average down by nearly 4%
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Global markets fall amid AI demand concerns, OpenAI IPO delays
Global markets fell due to AI demand concerns and OpenAI IPO delays. OpenAI's market cap less than $500B at IPO close now at 1.4% YES.
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Tokyo Stocks Plunge on Profit-Taking
Tokyo, June 26 (Jiji Press)--Tokyo stocks plummeted Friday as profit-taking dragged down artificial intelligence-linked issues that had jumped the previous day, sending the…
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Japan's Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
Japan's Nikkei index experienced a significant drop of 4% on Friday, largely due to a sharp decline in tech investor SoftBank Group, which plunged over 12% following reports of a…
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SoftBank shares slip over 12% on OpenAI IPO delay concerns
Tech stocks bring down Nikkei average by 4%; South Korea's KOSPI falls 6%