{
  "id": 14640339,
  "title": "Japan's Nikkei plunges as tech stocks hammered by AI, rate hike worries",
  "url": "https://urgent.news/2026/10/15/japans-nikkei-plunges-as-tech-stocks-hammered-by-ai-rate-hike-worries",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T07:28:16.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444359/japans-nikkei-plunges-as-tech-stocks-hammered-by-ai-rate-hike-worries"
  },
  "original_language": "en",
  "account": "Japan’s Nikkei share average plummeted nearly 5% on Thursday, with technology stocks severely impacted by reports of CoreWeave, a US cloud-computing company, facing financial difficulties. The tech-heavy Nikkei index fell 4.8% to 64,489.06 at midday, while the broader Topix declined 2.5%. The majority of the selling targeted AI-linked stocks, including chip equipment manufacturers Advantest and Tokyo Electron, which dropped 13.9% and 7.3%, respectively. Additionally, SoftBank Group shed 9.4% of its value. Reports of a hotter-than-anticipated US Consumer Price Index (CPI) figure heightened concerns that the Federal Reserve may need to hike interest rates sooner and maintain them higher for a longer period, causing damage to the tech-heavy sector. The Nasdaq Composite index in the United States fell 1.9% on Wednesday. CoreWeave experienced a more than 15% decline, despite its CEO stating in an internal memo that its deal pipeline is sufficient to cover its debt obligations. Wataru Akiyama, a strategist at Nomura, cautioned that worries about the financial stability of AI-related firms, particularly their capital expenditures and profitability, are intensifying. Pharmaceuticals emerged as the sole bright spot on the day, recording a 3.4% increase and becoming the best-performing industry group on the Tokyo Stock Exchange. Sumitomo Pharma led the Nikkei's percentage gainers with a 13% increase. Out of the 225 stocks comprising the Nikkei, 145 experienced losses, while only 80 managed to gain.",
  "summary": "TOKYO: Japan’s Nikkei share average tumbled nearly 5% on Thursday, with tech stocks hit hard by media reports about distressed debt at US cloud-computing provider CoreWeave, while hot US inflation figures sparked fears of higher interest rates. The tech-heavy Nikkei dropped 4.8% to 64,489.06 as of the midday recess, while the broader Topix fell 2.5%. Selling was concentrated among AI-linked…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Japan Times",
        "title": "Nikkei 225 falls 5% on rate and AI concerns",
        "url": "https://urgent.news/2026/10/15/nikkei-225-falls-5-on-rate-and-ai-concerns",
        "published": "2026-10-15T05:47:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}