Japanese Equities Slump as Investors Dump Tech Stocks

Japanese equities declined, led by a fall in AI-related stocks as investors offloaded tech shares after declines in Nvidia and Dell Technologies on the US stock market over the weekend.

SoftBank Group Corp. contributed the most to the Topix Index decline, decreasing 4.8%. Out of 1,680 stocks in the index, 796 rose and 821 fell, while 63 were unchanged.