TOKYO, Aug 28 (Reuters) - Japan's Nikkei share average
edged lower on Wednesday as a strengthening yen weighed on the
index's many exporters, while looming earnings from AI darling
Nvidia later in the day kept investors cautious.
The Nikkei was down 0.3% at 38,167.80 as of 0019
GMT, continuing its narrow fluctuations since mid-month anchored
around the psychological 38,000 mark.
Of the index's 225 components, 177 fell, 45 rose, while
three were trading flat.
The broader Topix slipped 0.3%.
The yen was little changed at 144.14 per dollar,
but strengthened as far as 143.45 at the start of the week from
149.305 on Aug. 15. A stronger yen reduces the value of overseas
sales, while also making stocks more expensive for overseas
investors.
Most automakers fell, with Nissan ( NSANF ) down 1.25% and
Mazda ( MZDAF ) sliding 1.52%.
However, Toyota Motor ( TM ) rose 2.29%.
Semiconductor-sector shares were mixed, with chip-testing
equipment maker and Nvidia supplier Advantest ( ADTTF ) rising
2.33% to be the Nikkei's biggest gainer by index points.
At the same time, chip-testing machinery giant Tokyo
Electron ( TOELF ) was the biggest drag on the index with a 1.79%
decline.