The Nikkei 225 Index fell 1% to below 37,900 on Wednesday, hitting its lowest level in three months, mirroring losses on Wall Street amid growing economic concerns. Investors are also awaiting Nvidia's earnings report later today to assess whether the artificial intelligence rally remains strong. Meanwhile, traders in Japan are gearing up for a series of key economic reports due on Friday, which could provide fresh insights into the Bank of Japan's future monetary policy. The data, including figures on industrial production, retail sales, and Tokyo inflation, will be closely watched. Chip and AI-related stocks led the decline, with notable losses from Disco (-4.1%), Tokyo Electron (-5.1%), Lasertec (-2.8%), SoftBank Group (-2.6%), and Hitachi (-2.7%). Financial, consumer, and industrial stocks also faced pressure.

Source: Trading Economi