Japan’s Nikkei 225 fell 2% at Monday’s open, erasing roughly ¥23.5 trillion, or about $150 billion, in market value. The decline followed another selloff in US technology shares, which dragged on Japanese chip and electronics stocks with heavy exposure to the AI supply chain. Rising oil prices added to the pressure. Japan imports nearly all of its energy, so higher crude costs raise expenses for companies and households while weakening the country’s trade balance. The drop extends last week’s turbulence, when the Nikkei slid more than 5% intraday on Thursday as hotter US inflation data and AI spending concerns triggered heavy selling across Asian markets.
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