Japan's benchmark Nikkei 225 index fell to its lowest level in roughly two months on Wednesday, extending a punishing selloff in artificial intelligence and semiconductor-related shares even as the broader Japanese stock market showed signs of stabilizing. The Nikkei 225 closed down 930.73 points, or 1.49%, at 61,434.19, according to index data. Wednesday's session briefly pushed the index down more than 1,700 points intraday, with the Nikkei touching a low of 60,448.90 before paring some of its losses into the close. Read more Global AI Stock Selloff Deepens as Kospi Plunges Over 10%, Chipmakers Tumble Across Asian Markets This Week Global AI Stock Selloff Deepens as Kospi Plunges Over 10%, Chipmakers Tumble Across Asian Markets This WeekThe divergence between the two indexes highlighted how narrowly concentrated Wednesday's selling pressure was. Renewed geopolitical tensions in the Middle East added further pressure to risk appetite across Asian markets this week, with fighting between the United States and Iran resuming after a brief pause.