
The Nikkei 225 Index dropped 2.12% to 68,257 on Tuesday, closing at a three-week low, while the broader Topix Index declined 0.97% to 4,062 as a sharp selloff in technology stocks weighed on the market. Regional sentiment also deteriorated after South Korea’s Samsung Electronics plunged as much as 10% despite reporting robust profit growth, fueling concerns about the sustainability of the artificial intelligence trade. In Japan, investors digested data showing nominal wages increased 3.2% in May, while household spending fell 0.4%. Heavy losses were recorded across major tech names, including Kioxia Holdings (-11.3%), Taiyo Yuden (-11%), Murata Manufacturing (-10.1%), Lasertec (-6.4%), and Ibiden Co (-7%). By contrast, financial and consumer shares outperformed, with Mitsubishi UFJ rising 2.3% and Fast Retailing gaining 1.1%.

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