TOKYO: Japan’s Nikkei share average surrendered early gains to end lower on Tuesday, as technology heavyweights tracked overnight declines in their US peers, even as positive data prompted investors to buy economically sensitive stocks.
The Nikkei fell 0.44 percent to 60,550.59, after rising more than 1 percent earlier in the session, extending the losing streak to a fourth session.
The broader Topix rose 0.63 percent to 3,850.67.
“The market is trying to determine how much longer the declines of US technology stocks will continue,” said Yugo Tsuboi, chief strategist at Daiwa Securities.
“Investors also want to see the outcome of Nvidia earnings.”
The Nasdaq and the benchmark S&P 500 closed lower on Monday as investors took some profits in technology stocks.
Comments