Japan's Nikkei falls as chip-related shares decline on caution ahead of Nvidia earnings

According to Business Recorder, Japan's Nikkei average slipped on Tuesday as chip-related shares followed weaker US peers, with investors cautious before Nvidia's quarterly results on Wednesday. At 0146 GMT the index stood 0.5% lower at 65,197.7, while the broader Topix gained 0.06% to 4,075.83.

Value-oriented names bucked the trend, with shipping stocks climbing 2.91% to lead the Tokyo Stock Exchange's 33 industry sub-indexes. A Tokai Tokyo Intelligence Laboratory analyst said shippers tend to attract buyers when Middle East tensions rise. Advantest fell 3.33%, Tokyo Electron slipped 1.03% and Kioxia lost 1.37%, while Samsung Electronics, which dropped 8.70% in the prior session, was also a drag after its $79 billion payout plan underwhelmed investors.

Fibre optic cable makers moved higher, with Fujikura up 4.15% and Furukawa Electric gaining 6%. Of more than 1,500 prime market stocks, 53% rose, 43% fell and 3% finished flat.