TOKYO - The Nikkei Stock Average plunged more than 2,500 points at one stage in Tokyo trading on July 28 as heavy selling spread through artificial intelligence and semiconductor-related shares following a sharp decline in U.S. chip stocks.
Semiconductor shares fell sharply in New York on July 27 as investors grew increasingly skeptical about future demand. The losses prompted a surge of sell orders in Tokyo from the start of trading, led by AI and semiconductor-related stocks.
Source: TBS
Authorities in Laos have detained 51 foreign nationals, including five Japanese men and women, on suspicion of involvement in an online fraud operation selling furniture and home appliances.
Temples that have long shaped Japanese life and culture are increasingly closing and being put up for sale as falling numbers of parishioners and a shortage of successors leave many religious institutions unable to continue operating.
Typhoon No. 13, which formed on the afternoon of July 27, is expected to intensify rapidly into a violent storm as it draws in clusters of highly developed clouds, though forecasts remain sharply divided over whether it will eventually approach Japan.
UNESCO has formally added the Asuka-Fujiwara capital sites in Nara Prefecture to its World Cultural Heritage list, bringing the number of World Heritage properties in Japan to 27.
The Sumida River Fireworks Festival, a summer tradition in Tokyo's historic downtown districts, was held across Taito and Sumida wards on July 25, with about 20,000 fireworks lighting up the night sky following a day of intense heat.
The Nikkei Stock Average plunged more than 2,500 points at one stage in Tokyo trading on July 28 as heavy selling spread through artificial intelligence and semiconductor-related shares following a sharp decline in U.S. chip stocks.
Japan is unlikely to end its heavy reliance on Middle East crude oil, even as geopolitical tensions expose the risks of depending on the region for more than 90% of its imports, leaving the country to pursue a gradual mix of diversification, electrification, renewable energy and technological innovation.
Tokyo stocks rebounded on July 27, with the Nikkei 225 closing at 64,931.19, up 320.04 points, or 0.50%, as easing concern over the Middle East conflict supported broad buying across domestic-demand and value shares, although semiconductor weakness continued to cap the market’s recovery.
Honda Motor and Nissan Motor have entered final-stage negotiations to jointly develop an operating system that will serve as the core software for their next-generation vehicles, with an agreement targeted by the end of August.
Japanese investors may be starting to redirect money from semiconductor and memory-related stocks toward automakers and other value shares, as concerns grow that soaring memory prices, increased Chinese production and the search for cheaper suppliers could weaken the technology rally.
Japanese business leaders voiced concern over new additional tariffs imposed by the administration of U.S. President Donald Trump, warning that the measures could damage global manufacturing and undermine free trade.
Buying car insurance can already feel complicated without also worrying about whether you have the “right” payment method.
Tokyo stocks fell sharply on July 24, with the Nikkei 225 closing at 64,611.15, down 2.73%, as renewed concern over the cost of artificial intelligence investment triggered another technology selloff while oil above $100 a barrel and a yen near 40-year lows intensified fears of imported inflation.
