The Nikkei 225 Index declined by 0.8% to around 38,030, while the broader Topix Index lost 0.2% to 2,693 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector.
The drop followed a sharp decline in Nvidia's stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance. Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%).
Other key index components also saw declines, including Mitsubishi Heavy Industries (-2.2%), IHI Corp (-1.5%), and Inpex Corp (-2%). On the economic front, investors are awaiting Japan's latest inflation data, set to be released on Friday, to assess the outlook for the country's economy and monetary policy.
Source: trading Economics
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