Japanese shares fall as tech stocks track Nasdaq lower
1 month ago

Japanese shares fall as tech stocks track Nasdaq lower

Live Mint  

TOKYO, - Japanese shares fell on Thursday as technology stocks tracked the Nasdaq's overnight decline, while financial shares rose amid bets for the Bank of Japan's interest rate hike. "Chip-related shares fell to track U.S. equities lower but overall the market struggled to find market-moving cues after Nvidia reported its earnings," said Shingo Ide, chief equity strategist at NLI Research Institute. The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally, as investors worried about escalating Russia-Ukraine tensions and weak results from Target. Financial shares rose as bets over the BOJ's policy rate hike lifted yields.

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