Tokyo Stocks End Wednesday in Red
(MENAFN) Tokyo shares closed sharply lower on Wednesday, dragged down by a global retreat in technology stocks as investors booked profits from recent rallies in artificial intelligence (AI)-linked equities.
The 225-issue Nikkei Stock Average dropped 657.74 points, or 1.51 percent, ending the session at 42,888.55.
The sell-off was triggered by overnight losses on Wall Street, particularly a sharp decline in U.S. chip heavyweight Nvidia, which rattled sentiment in the tech sector. In Tokyo, major semiconductor players like Advantest and Tokyo Electron slid, while SoftBank Group suffered a steep drop.
Gaming firms such as Nintendo and Konami Holdings also weakened.
In contrast, domestic demand-oriented shares found buyers, with food and transportation stocks showing resilience. Blue-chip names including Toyota, Mitsubishi UFJ, Kyocera, Honda, and Oriental Land helped limit broader losses.
The broader Topix index slipped 17.72 points, or 0.57 percent, to close at 3,098.91.
On the Tokyo Stock Exchange Prime Market, 846 stocks declined, while 708 advanced and 66 finished unchanged.
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