(Updates for midday break)
By Brigid Riley
TOKYO, Feb 25 (Reuters) - Japan's Nikkei share average
fell to its lowest in just over a month on Tuesday, as a
stronger yen and Wall Street losses overnight weighed on
sentiment.
The Nikkei shed 1.1% to 38,345.99 by the midday
break, after sliding to its lowest level since January 17 in
early trade. The broader Topix was down 0.3% at
2,727.59.
Technology stocks were the heaviest weight on the Nikkei as
the market opened after a holiday on Monday, tracking weakness
in their U.S. peers. Chip-related shares Advantest ( ADTTF ) fell
4.9% and Tokyo Electron ( TOELF ) declined 3.8%.
The Nasdaq closed down more than 1% on Monday, with big
technology stocks creating the biggest drag as investors worried
about demand for technology supporting artificial intelligence
while they waited for results from market heavyweight Nvidia ( NVDA )
.
Meanwhile, Japanese exporters came under pressure after the
yen touched its strongest level against the dollar since early
December the previous day, although the currency softened on
Tuesday. The dollar last fetched 149.95 yen.
Investors were also sizing up a litany of tariff threats
against trading partners from U.S. President Donald Trump,
including on automobiles, steel and aluminium.
Elsewhere, Itochu ( ITOCF ), Marubeni ( MARUF ), Mitsubishi
Corp ( MSBHF ), Mitsui ( MITSF ) and Sumitomo Corp ( SSUMF ) surged
after Warren Buffett said on Saturday that his conglomerate
Berkshire Hathaway ( BRK/A ) will likely increase its ownership
in the five Japanese trading houses.
While Buffett's remarks appear to have bolstered the trading
firms, a "modest increase" in Berkshire Hathaway's ( BRK/A ) holdings is
unlikely to alter overall sentiment on Japanese markets, said
James Halse, managing director of Sydney-based Senjin Capital.
"The trading companies are more of a play on resource prices
(and) global growth rather than a specific Japan exposure," he
said.
Among other major shares, Uniqlo parent firm Fast Retailing ( FRCOF )
gave up 2.9%, AI-focused startup investor SoftBank
Group fell 3.2%, and automaker Toyota Motor ( TM )
shed 0.7%.
(Reporting by Brigid Riley; Editing by Varun H K)