Japanese equities opened lower as investors steered clear of chip and tech shares following declines in Nvidia and Dell Technologies on the U.S. stock market over the weekend.
The Topix Index was virtually unchanged at 3,074.18 as of 9:35 a.m. Tokyo time, while the Nikkei declined 1.1% to 42,258.84.
Out of 1,680 stocks in the index, 1,023 rose and 573 fell, while 84 were unchanged.
Selling pressure increased for electronics, machinery and precision equipment shares, while non-ferrous metal stocks took a hit. Domestic demand sectors like pharmaceuticals and food remained firm. Investor sentiment was buoyed by an U.S. appeals court ruling that President Donald Trump's tariffs were illegal.
Source: Bloomberg
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