Japan's Nikkei slides as investors book profit on tech stocks

Wait 5 sec.

Japan's Nikkei share average fell 1.8% on Friday, with AI-linked tech stocks leading the decline due to concerns over sky-high valuations. Investors are taking profits and rotating into companies with strong earnings, such as TOPPAN Holdings and Tokyo Tatemono. The Nikkei managed a slight weekly gain, but global valuation worries persist ahead of Nvidia's earnings.