INDO DAILY
← TRADE WARS  |  Home TRADE WARS

Japan tech stocks fall as China chatbot spooks Wall St

by AFP Staff Writers Tokyo (AFP) Jan 28, 2025 AFP
Japanese tech stocks fell sharply for a second day running on Tuesday following a plunge in US tech stocks after the emergence of a low-cost Chinese generative AI model.

US chip-maker Nvidia led a rout on Wall Street, falling nearly 17 percent on fears that Chinese firm DeepSeek's chatbot could threaten US dominance in artificial intelligence.

In Tokyo, shares in Advantest, a chip-testing firm that supplies Nvidia, was down 10 percent, adding to an 8.6-percent plunge on Monday.

Softbank, part of a $500-billion AI infrastructure push announced last week by US President Donald Trump, fell almost six percent after dropping 8.3 percent on Monday.

The broader Nikkei 225 index was down 1.62 percent.

stu/rsc

Nvidia

ADVANTEST

SOFTBANK GROUP

The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.