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business/news//The Economic Times
Japan's Nikkei index experienced its biggest drop in three weeks.
Japan's Nikkei index posted its largest drop in three weeks after reaching a record high.
KEY POINTS
Investors sold off AI-related stocks following Broadcom's disappointing revenue announcement.
SoftBank Group's shares experienced a significant decline during the market downturn.
Tokyo Electron and Disco shares rose, offering support amid the broader market fall.
Escalating Middle East conflict also negatively influenced overall Japanese market sentiment.
Synopsis
Japan's Nikkei index experienced its biggest drop in three weeks on Thursday. This pullback followed a record high. Investors sold AI-related stocks after Broadcom's disappointing revenue. Renewed Middle East conflict also impacted market sentiment. SoftBank Group saw a significant decline. Despite the broader market fall, Tokyo Electron and Disco shares rose, providing support.
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