Japan’s Nikkei 225 plunged below the 50,000 mark on Wednesday before paring losses amid a wider decline in Asia markets as investors fled AI-related stocks.
In Japan, the index swooned 1,284.93 points, or 2.5%, to 51,212.27.
Shares in Japan’s SoftBank Group plunged more than 10% Wednesday amid a broader drop in Asian AI-linked companies, tracking declines in U.S. peers.
In Hong Kong, the Hang Seng let go of 16.99 points, or 0.1%, to 25,935.41.
South Korea’s Kospi fell, with chip heavyweights Samsung Electronics and SK Hynix posting losses of over 4% and 1% respectively.
The South Korean won weakened as much as 0.6% to 1,449.50 against the greenback, the lowest since April, data from LSEG showed.
In other markets
The CSI 300 in Shanghai poked ahead 8.56 points, or 0.2%, to 4,627.26
In Korea, the Kospi dumped 117.32 points, or 2.9%, to 4,004.42
In Singapore, the Straits Times Index handed over 5.6 points, or 0.1%, to 4,417.12
In Taiwan, the Taiex withered 399.5 points, or 1.4%, to 27,717.06
In Australia, the ASX 200 dipped 11.75 points, or 0.1%, to 8,801.95.
In New Zealand, the NZX 50 gained 15.03 points, or 0.1%, to 13,620.98.
