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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Japan’s Nikkei plunges nearly 5% as AI stocks tumble on CoreWeave debt concerns

Japan’s Nikkei share average plunged nearly 5% on Thursday, with artificial intelligence-linked stocks leading the selloff amid concerns over the financial health of US cloud-computing provider CoreWeave and fears of higher interest rates following hotter-than-expected US inflation data, Reuters reported.

The tech-heavy Nikkei 225 fell 4.8% to 64,489.06 at the midday recess, while the broader Topix declined 2.5%, Reuters reported.

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