Nikkei slides on US tech selloff, oil-driven rate fears By Rocky Swift

Japan’s Nikkei 225 dropped 2.05% to 63,984.45 in early Monday trading, while the broader Topix lost 1.22% to 4,016.34, Business Recorder reported. The retreat followed Friday’s losses on Wall Street, where AI and semiconductor shares were among the weak spots.

Oil prices rose by more than 3%, adding to inflation worries and concerns that central banks could tighten monetary policy further. Bank of Japan Governor Kazuo Ueda said underlying inflation was nearing the central bank’s 2% goal, while analysts cited in the report saw value and defensive shares as potential support for Japan’s market. In the Nikkei, 147 shares fell and 78 advanced; Taiyo Yuden was the biggest decliner, down 7.42%.