Japanese stocks fall as Nvidia concerns weigh on market sentiment

Japan?s Nikkei 225 fell 0.7% to close at 60,819 on Thursday, ending a three-day winning streak. The decline followed weakness in US stock futures as investors grew concerned about uncertainty surrounding Nvidia?s leadership. Reports suggested that Nvidia?s board was preparing to remove CEO Jensen Huang following allegations of multiple affairs. The news raised concerns about the possible impact on global markets, particularly Asian suppliers that depend heavily on Nvidia?s AI business. On the domestic front, Japan?s producer prices rose 7.1% year-on-year in October, higher than market expectations of 6.5% and up from 6.8% in September. The stronger increase added to expectations that the Bank of Japan may tighten monetary policy further. Technology and AI-related stocks led the losses. Kioxia Holdings fell 2.8%, Advantest dropped 4.6%, SoftBank Group declined 3%, Taiyo Yuden lost 4.4%, while Ibiden Co plunged 8.3%.

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