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Japan’s Nikkei falls after Wall Street’s tech stocks drop

Japan’s Nikkei index edged down. This decline mirrors the losses seen on Wall Street, where technology stocks led the way downward. The broader Topix index also experienced a drop, reflecting the cautious mood in the market. The Nikkei 225 index experienced a slide. This decline was primarily driven by weakness in technology shares, which have been closely mirroring the performance of their U.S. counterparts. The S&P 500 also closed lower, with Nvidia—a key player in the artificial intelligence sector—dipping ahead of its upcoming quarterly report. The anticipation of Nvidia’s earnings, which are expected to show significant market-moving potential, has weighed heavily on tech stocks globally, including those in Japan. Read more to find out why the Nikkei drops.

why the Nikkei drops

Disclaimer:

A cautious forecast suggests that if the yen maintains its strength and Wall Street’s tech sector fails to recover, the Nikkei could see further pressure. Traders may also watch for any signs of intervention from the Bank of Japan, especially if the yen’s appreciation continues. Risk management is advised to complement these releases closely for further indications of market trends.

Publication date:

2024-09-02 15:55:09 (GMT)

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