Japan's Nikkei Poised to Enter Bear Market as AI Selloff Deepens
Japan's Nikkei 225 fell as much as 7.1% intraday to 56,745.81 on Friday, breaking below the closely watched 60,000 level and sitting 20% below its June peak — the threshold for a technical bear market. The broader Topix index dropped as much as 6.4%, its biggest fall since April 2025, as investors unwound AI-related trades; shares of Furukawa Electric and Rohm each fell more than 10%. The rout shows the AI-driven selloff spreading from US markets to Japan, putting the sustainability of AI valuations under fresh scrutiny.
SOURCES
- Hacker News (AI)2026-11-06 05:37