Tech Stocks Drag Nikkei Down 0.3% Amid AI Concerns

Deep News
02/17

Japanese equities declined as persistent concerns over disruptions caused by artificial intelligence (AI) continued to weigh on the market. The Nikkei Stock Average fell 0.3% to 56,659.77. Technology shares led the losses. Recruit Holdings dropped 3.0%, Nomura Research Institute fell 3.7%, and SoftBank Group declined 3.3%. The U.S. dollar was quoted at 153.35 yen, compared with 153.14 yen at the close of Tokyo trading on Monday. Investors are focusing on policy measures by Prime Minister Sanae Takaichi aimed at boosting the nation's economy and their potential market impact.

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