Nikkei 225 Slides 0.81% to Six-Week Low as AI Safety Warnings and Surging Oil Rattle Tokyo's Chip Stocks
4 Articles
4 Articles
Japanese stocks: Nikkei 225 sell-off deepens as AI slowdown concerns hits chip stocks; should investors worry?
Japanese stocks dropped significantly on September 14, influenced by global market weakness and rising oil prices. The Nikkei 225 fell 0.9%, led by declines in AI-related stocks amid calls for a slowdown in AI development.
Nikkei 225 Slides 0.81% to Six-Week Low as AI Safety Warnings and Surging Oil Rattle Tokyo's Chip Stocks
Japan's Nikkei 225 fell 0.81% to a six-week low as renewed concerns over AI development pressured technology shares, while rising oil prices heightened inflation and interest rate worries.
TOKYO: Japan's Nikkei 225 index plummeted on Monday as technology stocks fell after leaders of major AI companies called for a slower pace of development. The Nikkei 225 index fell 1.61% to 62,979.17 in the previous day's trading, while the broader TOPIX rose 0.40% to 4,044.29. Sam Altman, CEO of OpenAI, said the company will not go public in 2026 due to concerns about the rapidly evolving AI and its potential risks to humanity. On Saturday, Dal…
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