(Adds comments, updates stock prices)
By Junko Fujita
TOKYO, Nov 18 (Reuters) - Japan's Nikkei share average
fell 2% on Tuesday, as investors sold off technology stocks
following Wall Street's sharp decline overnight, while
tourism-related sectors were mixed after a sharp selloff in the
previous session.
The Nikkei was down 2% at 49,325.51, as of 0126 GMT,
after falling as much as 2.4% earlier in the day to 49,107.31,
its lowest since November 5. The broader Topix slipped
1.5% to 3,297.41.
"High-flying heavyweight technology stocks were sold off
today, a typical trend when investors turned to a risk-off
mode," said Hitoshi Asaoka, chief strategist at Asset Management
One.
"Wall Street's overnight declines were led by economically
sensitive stocks, which is different from today's Japanese
market."
U.S. stocks ended sharply lower on Monday, with the S&P 500
and the Nasdaq closing below a key technical indicator for the
first time since late April as investors braced for quarterly
results from retailers and Nvidia ( NVDA ) and awaited a
long-delayed U.S. jobs report this week.
Nvidia ( NVDA ), the world's largest company by market value
and which is at the heart of Wall Street's artificial
intelligence trade, is due to report after the bell on
Wednesday.
In Japan, technology investor SoftBank Group fell
5%. Chip-related Tokyo Electron ( TOELF ) and Advantest ( ADTTF )
lost 3.99% and 2.15%, respectively.
Ryohin Keikaku ( RYKKF ), operator of Muji brand stores,
gained 1.55% following a 9.4% decline in the previous session.
Department store Isetan Mitsukoshi Holdings ( IMHDF ) reversed
early gains to fall 0.64%.
Retail stocks fell sharply on Monday after China warned its
citizens against travel to Japan amid a worsening diplomatic
rift over Taiwan.
All but one of the Tokyo Stock Exchange's 33 industry
sub-indexes fell, with the nonferrous sector shedding
5% to become the worst performer.
Fibre optic cable makers, the beneficiaries of AI trade,
fell, with Fujikura ( FKURF ) and Sumitomo Electric Industries ( SMTOF )
losing 6% each.
(Reporting by Junko Fujita; Editing by Tom Hogue and Subhranshu
Sahu)