Technology stocks drag down Japanese and Korean stock markets as concerns about artificial intelligence investments persist.
The Nikkei 225 index in Japan fell, the benchmark Kospi index in South Korea fell by 2.8% at one point, before narrowing its losses. Broadcom's sales outlook for AI did not meet investors' high expectations, and reports of Oracle delaying the completion date of some data centers caused a downturn in the semiconductor market sentiment. The Nikkei 225 index fell by 1.2%, the TOPIX index fell by 0.2%, and the South Korean Kospi index fell by 1.5%, with Samsung, SK Hynix, and SK Square weighing the most.
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