Europe Asia News

Japan’s Nikkei 225 fell 1.2% amid pressure from technology stocks. Among the biggest losers were chip-equipment maker Lasertec, down 7%, and game developer Konami Group, down 5.8%. Japan’s semiconductor equipment giant Tokyo Electron also slipped 3.2%.

The Topix declined 0.39%. Australia’s S&P/ASX 200 reversed course to gain 0.45%. South Korea’s Kospi rose 0.4%, while the small-cap Kosdaq climbed 1.01%. Hong Kong’s Hang Seng edged down 0.1%, and the CSI 300 fell 0.28%.

Nintendo shares dropped more than 9% despite maintaining its year-end sales forecast for the Switch 2 console, as investors weighed various potential headwinds, including whether an unprecedented surge in memory prices—an important component of its consoles—would impact the company.

Overnight in the U.S., the S&P 500 declined as investors sold technology stocks and rotated into shares more broadly tied to economic improvements.

The broad market index closed down 0.84% at 6,917.81. The Dow Jones Industrial Average fell 166.67 points, or 0.34%, to 49,240.99 after earlier hitting a new record at 49,653.13. The Nasdaq Composite closed down 1.43% at 23,255.19.

Most technology stocks—including many of the “Magnificent Seven” that have reported so far—were in the red, with Microsoft and Meta Platforms down more than 2% and Apple slightly lower. AI leader Nvidia fell nearly 3%, deepening its year-to-date losses. Meanwhile, software stocks continued their 2026 slide, with ServiceNow and Salesforce down about 7%.