Japanese Shares Fall on Tech Losses
2026-08-06 07:01
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 0.93% to close at 65,683 on Thursday, giving back part of the previous session’s gains as chipmakers and other technology shares came under renewed selling pressure amid lingering concerns over the artificial intelligence sector.
The losses came despite another decline in oil prices after Iran and Oman reached an agreement on the partial reopening of the Strait of Hormuz, easing inflation worries and improving the outlook for interest rates.
Japanese companies linked to the global AI infrastructure buildout posted sharp declines, including Kioxia Holdings (-10.2%), Taiyo Yuden (-11%), Murata Manufacturing (-5.2%), Ibiden Co (-6.5%), and Tokyo Electron (-5.5%).
SoftBank Group also slid 4.4% ahead of its earnings release, which investors hope will provide fresh insight into the AI trade.
Meanwhile, Nintendo reported better-than-expected earnings, supported by US tariff refunds and robust sales of two first-party titles for its flagship Switch 2 console.