Japan's Nikkei slips as Kioxia tumbles 13%; Tokyo Electron, Panasonic limit losses

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• Economic TimesLean R·1h ago

  Japan's Nikkei slips as Kioxia tumbles 13%; Tokyo Electron, Panasonic limit losses

  Japan’s Nikkei slipped as Kioxia plunged 13.29% following a disappointing earnings outlook, while banking stocks also weakened. Gains in Tokyo Electron and Panasonic, supported by upbeat profit forecasts and AI-related demand, limited losses. Broader investor sentiment remained cautious following Wall Street’s technology selloff and concerns over AI investment sustainability.

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