Japanese equities closed lower on Wednesday, extending losses from the previous session as weakness in global technology stocks weighed on investor sentiment. The Nikkei 225 Index fell 0.88% to 69,175, while the broader Topix Index declined 0.67% to 3,964.

The downturn followed a technology-led selloff on Wall Street, with investors becoming increasingly concerned about the scale of AI-related spending by major global technology companies.

Technology and electronics stocks were among the biggest losers. Fujikura fell 2.7%, Tokyo Electron dropped 4.2%, Furukawa Electric declined 2%, Disco Corp lost 3.8%, and Sumitomo Electric slipped 2.9%.

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