Economic news(2025/01/28)
Nasdaq plunges after Chinese company Deepseek develops generative AI
2025-01-28 21:54:00
On the 27th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by technology-related stocks, fall sharply by more than 3% compared to the end of last week.
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Nasdaq plunges after Chinese company Deepseek develops generative AI
2025-01-28 19:14:00
On the 27th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by technology-related stocks, fall sharply by more than 3% compared to the end of last week.
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As of 5 p.m., the yen was at roughly the same level as the previous day.
2025-01-28 18:30:00
In the morning of January 28th, the Tokyo foreign exchange market was trading at around 154 yen per dollar, but during the day, there was an increase in selling yen and buying dollars due to the view that President Trump's tariff policy would cause inflation in the United States to accelerate again, and in the end, the rate ended up at roughly the same level as in the evening of the 27th.
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Hong Kong investment fund files shareholder lawsuit over Kobayashi Pharmaceutical's "Red Koji" controversy
2025-01-28 18:29:00
In response to a series of problems at Kobayashi Pharmaceutical regarding supplements containing red yeast rice ingredients, a Hong Kong investment fund which owns over 10% of the company's shares has announced its intention to file a derivative lawsuit against the company's former chairman, who is from the founding family, and others seeking approximately 11 billion yen in damages.
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Chiba's Keiyo coastal industrial complex considering development of joint hydrogen supply base
2025-01-28 18:12:00
A council was held to aim for carbon neutrality at the Keiyo Waterfront Industrial Complex in Chiba Prefecture, where many steel mills and other facilities that emit large amounts of carbon dioxide are located, and the participants agreed to begin considering the establishment of a hub for jointly receiving supplies of hydrogen and ammonia.
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Nasdaq plunges after Chinese company Deepseek develops generative AI
2025-01-28 17:35:00
On the 27th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by technology-related stocks, fall sharply by more than 3% compared to the end of last week.
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Nasdaq falls sharply due to concerns over Chinese company "Deepseek" generative AI
2025-01-28 17:04:00
On the 27th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by technology-related stocks, fall sharply by more than 3% compared to the end of last week.
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Stock prices temporarily fall by more than 600 yen as sell orders spread to semiconductor-related stocks
2025-01-28 16:18:00
On the 28th, the Tokyo Stock Exchange saw a rise in sell orders for semiconductor-related stocks due to speculation that generative AI developed by a Chinese startup company could change the balance of power in the AI market, which has been led by the United States, and the Nikkei average temporarily fell by more than 600 yen.
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Company that operates "Kaikatsu Club" leaks over 7.29 million personal details
2025-01-28 15:56:00
The company that runs the internet cafe "Kaikatsu Club" has announced that it has been subject to unauthorized access, believed to be a cyber attack, and that over 7.29 million pieces of personal information, including names and addresses of users, may have been leaked. The company says that no damage caused by the leak has been confirmed so far.
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Norinchukin Bank's huge losses: National panel of experts recommends revision of laws
2025-01-28 15:34:00
Regarding the Norinchukin Bank, which recorded huge losses due to operational failures, a national panel of experts has compiled a report that includes recommendations such as revising the law to allow external experts familiar with operations to be added to the board of directors.
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U.S. Treasury Secretary Bessend endorses gradual tariff hike plan
2025-01-28 14:05:00
Hedge fund founder Scott Bessent has been approved as the new US Treasury Secretary. British media reports that Bessent supports a plan to gradually raise the tax rate on imports from all countries, as proposed by President Trump.
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Stock prices temporarily fall by more than 600 yen as sell orders spread to semiconductor-related stocks
2025-01-28 12:05:00
On the 28th, the Tokyo Stock Exchange saw a rise in sell orders for semiconductor-related stocks due to the view that competition with Chinese companies in the field of generative AI will become even more intense, and the Nikkei average temporarily fell by more than 600 yen.
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SBI Shinsei Bank plans to repay 100 billion yen in public funds by the end of this fiscal year
2025-01-28 11:17:00
SBI Shinsei Bank has announced its intention to repay 100 billion yen by the end of this fiscal year out of the more than 300 billion yen of public funds that were injected into its predecessor, the Long-Term Credit Bank of Japan, to dispose of the massive amount of bad loans after the collapse of the bubble economy. It is also considering drawing down capital in order to repay the remaining amount, and is accelerating discussions with the government to complete the repayment.
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Tesla and BMW sue EU over tariffs on Chinese-made EVs
2025-01-28 10:17:00
Tesla of the United States and BMW of Germany have filed a lawsuit against the European Commission, the EU's executive body, over the EU's measures to impose additional tariffs on Chinese-made electric vehicles. The additional tariffs also apply to EVs produced in China by Western manufacturers, so the lawsuits are a form of objection.
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Stock price temporarily falls by more than 600 yen
2025-01-28 09:42:00
On the 28th, the Nikkei average on the Tokyo Stock Exchange temporarily fell by more than 600 yen. On the 27th, in the New York market, concerns spread that a Chinese company developing low-cost generative AI could affect American semiconductor companies that have been leading the field, causing the stock prices of related companies to fall sharply. In response, sell orders were placed on semiconductor-related stocks on the Tokyo market.
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Nasdaq Index plummets as concerns grow over China's low-cost AI
2025-01-28 06:43:00
On the 27th, the New York Stock Exchange saw the Nasdaq stock index, which is dominated by technology-related stocks, fall sharply by more than 3% compared to the end of last week.
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Financial Services Agency to investigate strengthening of anti-money laundering measures at financial institutions
2025-01-28 06:28:00
Amid a succession of cases of financial institution accounts being misused for money laundering and other crimes, the Financial Services Agency will begin a survey of financial institutions nationwide from January to see whether they are working to strengthen their countermeasures. In addition to money laundering, "investment fraud," in which false investment stories are made on social media, and "romance fraud," in which people are tricked into giving up their money by making them feel romantic feelings, financial institution accounts are used to transfer money, and measures to prevent accounts from being used for such crimes are an issue.
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Ministry of Economy, Trade and Industry to change system for offshore wind power generation from next public tender due to rising construction costs
2025-01-28 05:58:00
Regarding offshore wind power generation, which the government has positioned as a pillar of the expansion of renewable energy, the Ministry of Economy, Trade and Industry has decided to change the system so that a portion of the increased construction costs can be added to the electricity price from the next public tender, as rising construction costs are likely to hinder future expansion.
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[Details] Fuji press conference ends just after 2 a.m. President and chairman resign and apologize
2025-01-28 02:31:00
Following a weekly magazine report alleging that employees were involved in trouble between Nakai Masahiro and a woman, Fuji Television held an emergency board meeting on the 27th and decided that President Minato Koichi and Chairman Kano Shuji would resign to take responsibility for the series of problems. In an afternoon press conference, the two apologized, saying they had lacked awareness of human rights.
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