(Updates with closing prices.)
By Rocky Swift
TOKYO, Nov 19 (Reuters) - Japan's Nikkei share gauge
lost ground for a fourth day on Wednesday as investors remained
wary ahead of pivotal earnings from artificial intelligence
heavyweight Nvidia ( NVDA ).
The Nikkei 225 Index swung between gains and losses
before closing down 0.3% to 48,537.70, marking its longest
losing streak in seven weeks. The broader Topix dipped
0.2%.
Japan's blue-chip share gauge sank by the most in more than
seven months in the previous session as concerns about the
valuations of technology-related companies rattled global equity
markets. U.S. stocks ended lower overnight, with Nvidia's ( NVDA ) shares
sliding 2.8%. The company will report quarterly results after
the close in New York on Wednesday.
A sharp rise in Japanese government bond yields, spurred by
concerns about stimulus spending along with diplomatic tensions
with China, also acted as drags on the nation's shares, said
Nomura Securities strategist Fumika Shimizu.
"The decline in semiconductor-related stocks and rising
interest rates seem to be weighing on the market," Shimizu said.
"The focus will be on whether (Nvidia ( NVDA )) can show revenue or
profit forecasts that exceed market expectations."
There were 112 advancers on the Nikkei index against 111
decliners. The largest gainers in the index were retailer Aeon
, up 4.6%, followed by cinema operator Toho (Tokyo)
, which climbed 3.9%.
The biggest losers were Sumco ( SUMCF ), down 6.26%, followed
by Ibiden ( IBIDF ), which slid 4.1%.