Japan’s Nikkei falls as Wall Street tech losses weigh

TOKYO – Japan’s Nikkei share average edged down in early trade on Tuesday, tracking overnight declines on Wall Street, dragged lower by technology stocks.

The Nikkei was down 0.5% at 37,936.68, as of 0009 GMT, while the broader Topix declined 0.2%.

The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week. The tech-heavy Nasdaq also declined.

Japanese technology shares followed their US peers lower, with chip-related majors Tokyo Electron 8035.T and Advantest, which counts Nvidia among its customers, dragging on the overall Nikkei.

Movements in foreign exchange also weighed on sentiment after the yen hit a three-week high of 143.45 against the dollar on Monday.

(Reporting by Brigid Riley; Editing by Rashmi Aich)