Japan's Nikkei Falls 1.7% as Tech Selloff Hits Chip Stocks

boursorama.com (French) —

Japan's Nikkei index fell 1.71% to 61,832.66 points in early Friday trading, following a tech-led selloff on Wall Street that pressured chip and artificial intelligence-related stocks. The broader Topix index slipped 1.26% to 3,947.11 points. The declines tracked Thursday's U.S. market drop, where the Nasdaq fell 2.6% and the S&P 500 lost 1.21%, as investors rotated into defensive sectors like consumer staples and healthcare. Nvidia dropped about 4%, Meta fell 7% on AI spending concerns, and Tesla declined 3.1%. Within the Nikkei, 120 stocks fell versus 96 advancing. Chip-related firms led losses, with Sumco down 8.95% and Disco down 7.59%. Gainers included Aeon, Sapporo Holdings, and Kikkoman, which was poised for its best close since July 2024.


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