TOKYO: Japan’s Nikkei share average retreated on Friday for a second consecutive session after closing at a record high earlier this week, as momentum slowed in the red-hot technology sector.
The benchmark Nikkei 225 Index sank 1.3 percent to close at 66,588.12, eking out a 0.3 percent gain for the week. The broader Topix slid 0.07 percent to 3,949.09.
The Nikkei closed at an all-time peak of 68,402.13 on Wednesday and has gained 34 percent so far this year.
The tech-heavy Nasdaq closed lower in the US overnight after chipmaker Broadcom missed revenue expectations, dampening euphoria over AI investment.
On the other hand, data showing that real wages in Japan rose 1.9 percent in April, gaining for a fourth consecutive month, lent support to the broader market.
There were 129 advancers in the Nikkei index against 96 decliners.