Japan tech stocks fall for a second day on DeepSeek-induced selloff

Chinese AI chatbot has 'scared markets,' Mizuho says

20250128 deepseek stocks

Japanese tech stocks on Jan. 28 tracked overnight Wall Street declines. © Reuters

LISA KIM

TOKYO -- Shares of Japanese tech companies dropped in morning trading on Tuesday, extending losses from the previous day amid a global selloff of AI stocks spurred by Chinese AI chatbot DeepSeek.

The plunge in Japan-listed tech stocks comes a week after many of the same listings were buoyed by Stargate, the $500 billion AI infrastructure project in the U.S. led by the Japanese tech investor SoftBank Group, OpenAI and Oracle that President Donald Trump has touted.

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