The Nikkei 225 plunged on 15 October, closing at ¥64,425.95, down ¥3,318.34 from the previous day. Funding concerns originating in the US spread to the Japanese market amid financial worries surrounding AI companies, making the decline the third-largest on record.
The Nikkei 225 plunged on 15 October, closing at ¥64,425.95, down ¥3,318.34 from the previous day. The decline was the third-largest on record, and the index fell below ¥65,000 for the first time in about a month.
Financial concerns over the AI data-center business intensified in the US, sending corporate bond yields sharply higher amid concerns over financial conditions. Funding concerns spread across the AI industry, affecting related stocks in the Japanese market.
Against this backdrop, share prices fell sharply across the board, particularly among AI-related stocks in Japan, while declines in US semiconductor stocks also spread to the market.