Japan’s Nikkei 225 fell 0.62% to 64,916.70 on Monday, while the Topix edged up 0.04% to 4,067.48. Investors awaited technology-sector results as concerns about valuations and AI-related investments persisted.
The Nikkei 225 fell 0.62% to close at 64,916.70, trimming an earlier decline of more than 2%. The broader Topix edged 0.04% higher to 4,067.48.
Japanese equities followed a weak Wall Street session on Friday, when AI- and chip-related stocks fell. Rising oil prices added to inflation concerns and expectations of further central-bank policy tightening. Bank of Japan Governor Kazuo Ueda said underlying inflation was “quite close” to the central bank’s 2% target.
Investors are looking for reassurance from results this week at Meta Platforms and Japanese tech supplier Disco, Nomura Securities equities strategist Maki Sawada said. Sawada described capital flowing from AI and semiconductors into consumer and defensive sectors, and said investors are watching whether earnings can ease concerns about AI-related investments.
