Global Market: Japan’s Nikkei plunges nearly 5% as AI stocks tumble on CoreWeave debt concerns

What happened: Japan's Nikkei 225 plunged and the broader Topix fell as AI-linked stocks led a broad selloff, Reuters reported. Key numbers: Nikkei 225 down nearly 5%. Topix down 2.5%. Advantest down 13.9%. Tokyo Electron down 7.3%. SoftBank Group down 9.4%. Why it matters: Sentiment was hit by concerns over the financial health of US cloud-computing firm CoreWeave and fears of higher interest rates after hotter-than-expected US inflation data.

Japan's Nikkei 225 plunged and the broader Topix fell as AI-linked stocks led a broad selloff, Reuters reported.

Sentiment was hit by concerns over the financial health of US cloud-computing firm CoreWeave and fears of higher interest rates after hotter-than-expected US inflation data.