Tokyo: Japan’s Nikkei share average fell to a three-week low today as chip-related stocks slumped, tracking a technology-led sell-off on Wall Street last Friday.
According to Oman News Agency, the Nikkei dropped more than 2% to 41,849.82 at the midday break, after earlier touching 41,843.96, its lowest level since August 8. More than half of the index’s 869-point decline came from two heavyweight stocks: chip-testing equipment maker and Nvidia supplier Advantest, which plunged 9.1% (280 points), and SoftBank Group, an artificial intelligence-focused start-up investor, which lost 6.3% (202 points).
Out of the Nikkei’s 225 components, 128 fell, 95 gained, while two remained flat.