Japan's Nikkei Nears Bear Market as AI Stock Selloff Deepens
Japan's Nikkei stock index is heading toward a bear market as a selloff in AI-linked shares deepens. Bloomberg reports the index has broken below the 60,000 level. Investors in Japan are watching closely as prices keep sliding.
Quick glossaryNikkei, bear market, selloff
- Nikkei
- Japan's main stock market index, which tracks the share prices of major companies listed in Tokyo.
- bear market
- A long period when share prices keep falling, making investors feel pessimistic about the market's future.
- selloff
- A sudden wave of investors rushing to sell shares, which pushes prices down quickly across the market.
Burning Potato score: 66%