Tokyo Stocks End Thursday Lower
The 225-component Nikkei Stock Average closed 510.78 points lower, representing a 1.03 percent decline from Wednesday's close, settling at 49,001.50. The wider Topix index shed 12.50 points, dropping 0.37 percent to finish at 3,356.89.
Losses across the Prime Market were predominantly driven by nonferrous metal, electric appliance, and machinery sector stocks.
The Nikkei momentarily plummeted over 800 points following a sharp overnight collapse in the tech-concentrated U.S. Nasdaq index, triggered by reports that Oracle Corp. would not secure financing from its primary backer, Blue Owl Capital Inc., for a proposed $10 billion data center initiative.
Despite Oracle reportedly maintaining the project timeline remains unchanged, the revelation intensified concerns about an AI market bubble, with market participants increasingly cautious that data center investment levels may have reached unsustainable heights, analysts indicated.
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