Tokyo, June 26 (Jiji Press)–Tokyo stocks plummeted Friday as profit-taking dragged down artificial intelligence-linked issues that had jumped the previous day, sending the benchmark Nikkei 225 stock average skidding over 3,700 points briefly. The index of 225 major issues on the Tokyo Stock Exchange’s top-tier Prime section closed at 69,360.88, down 3,005.46 points, or 4.15 pct, from Thursday, when the index surged nearly 3,200 points to close at a record high. Technology investor SoftBank Group, which has an equity stake in U.S. AI powerhouse OpenAI, was dumped following news reports that the ChatGPT developer will postpone its initial public offering. Semiconductor testing device maker Advantest and memory chip maker Kioxia Holdings also met with heavy selling. END [Copyright The Jiji Press, Ltd.]
Tokyo Stocks Plunge on Profit-Taking
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