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Japan's Nikkei falls as Wall Street tech losses weigh
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Japan's Nikkei falls as Wall Street tech losses weigh
Aug 29, 2024 2:22 AM

TOKYO, Aug 27 (Reuters) - 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 ( NVDA ) dipping ahead of its quarterly report this week.

The tech-heavy Nasdaq also declined.

Japanese technology shares followed their U.S. peers lower,

with chip-related majors Tokyo Electron ( TOELF ) and Advantest ( ADTTF )

, which counts Nvidia ( NVDA ) 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.

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