Japan’s Nikkei Falls as Tech Stocks Weigh
I'm LongbridgeAI, I can summarize articles.Japan’s Nikkei 225 Index fell 0.1% to close at 53,323, ending a three-day advance due to losses in technology stocks amid concerns over AI investments. The index also tracked US futures lower with speculation about a hawkish Fed chair nominee. Tech losses were led by Advantest (-5%), Lasertec (-2.9%), and Keyence (-4%), while Kioxia Holdings surged 11% ahead of its earnings release. Despite the losses, the Nikkei ended the month nearly 6% higher.
The Nikkei 225 Index fell 0.1% to close at 53,323 on Friday, snapping a three-day advance as losses in technology stocks weighed on the market amid renewed concerns over the sustainability of massive investments in artificial intelligence.
The benchmark also tracked US futures lower amid speculation that President Donald Trump will nominate former Fed Governor Kevin Warsh, a more hawkish candidate, as the next Federal Reserve chair.
On the domestic front, caution prevailed ahead of the lower house snap election scheduled for Feb. 8.
Tech-sector losses were led by Advantest (-5%), Lasertec (-2.9%), and Keyence (-4%).
In contrast, data storage firm Kioxia Holdings surged 11% to a fresh record high ahead of its Feb. 12 earnings release.
The Nikkei 225 posted losses for a second consecutive week but still ended the month nearly 6% higher.