Nikkei falls 2.1% on AI-related concerns
Japanese stocks fell in early trade, hurt by Technology and other U.S. memory chip concept stocks fell on Wednesday due to concerns related to artificial intelligence (AI). The Nikkei fell 2.1% to 67332.70 points. Chris Beauchamp, chief market analyst at IG, said in an email that the Nikkei and The composite index has "ridden the AI boom, but now the trade appears to be buffeted by uncertainty and at risk of further declines." Among the worst-performing components of Japan's benchmark index, Kioxia fell 8.9%, Kokusai Electric fell 6.7% and Ibiden fell 5.9%.