Japan's Nikkei index tumbled to a one-week low after a streak of all-time high gains, as investors decided to cash in on profits. The pullback was broad-based, primarily driven by declining AI and semiconductor stocks that had previously led the surge. Analysts warn the market was overheating, hinting at an inevitable correction, although some defensive stocks managed to perform well during this downturn.
Japan's Nikkei index tumbled to a one-week low following a period of all-time high gains, as investors engaged in significant profit-taking. The decline was widespread, particularly affecting AI and semiconductor stocks that had previously driven the market surge. Analysts are…
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