Japan's Nikkei fell over 3% as a global chip selloff hit Advantest and Tokyo Electron after Nvidia's decline, ahead of key U.S. tech earnings.
Nikkei fell 3.59% as semiconductor stocks plunged after U.S. losses; NVIDIA dropped 4.9% and the Philadelphia index fell 2.2%. Pre-earnings caution, not broad risk-off; chip stocks up 63% YTD face profit-taking as investors await Q3 guidance.
Japan’s Nikkei share average fell more than 3% on Tuesday, pressured by sharp declines in semiconductor-related stocks after weakness on Wall Street extended the global chip selloff.
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Japan's Nikkei share average fell
more than 3% on Tuesday, dragged down by heavy losses in
chip-related stocks after their U.S. peers closed lower
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