● Nikkei Sinks Into Bear Market on Chip Scare

Japan's Nikkei 225 closed down 6.2% on November 6, pushing it more than 20% below the index's June 22 record high of 72,831.73 points — a Japan tracker like $EWJ mirrored the slide. The rout was triggered by cautious guidance from memory-chip maker Kioxia Holdings, which fed fears that AI-driven demand is cooling and sparked margin-call selling across Japanese tech names. The drop marks the benchmark's first official bear market since hitting that peak just four and a half months earlier.