Nikkei 225 index tumbles 4%, uncertainty over AI outlook weighs on technology stocks
As Japan's Nikkei 225 index fell 4.1% at one point, Kioxia led technology stocks to plummet. Kioxia's share price plunged 16% at one point, and the memory chip maker's market value has halved from its peak in June. Screen, Lasertec and Sumco chip-related stocks all fell more than 12%. The Topix fell 2.3%.