Japanese Shares Fall Amid Global Selloff
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Japanese shares fell amid a global selloff, with the Nikkei 225 Index dropping 1.25% to 52,655 and the Topix Index losing 0.8% to 3,538. This decline was influenced by a selloff in precious metals and concerns over AI investments. Prime Minister Sanae Takaichi noted that a weak yen could benefit export industries, while investors prepared for the upcoming Feb. 8 lower house election. Tech stocks faced significant losses, including Kioxia Holdings (-13.4%) and Advantest (-4.5%). Financial and industrial sectors also experienced pressure.
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