Nikkei Dips 0.4% as Chip Stocks Slip Before Nvidia Earnings

Japan's Nikkei 225 fell 0.4% on August 24, 2026, led by semiconductor shares as traders trimmed positions ahead of Nvidia's earnings. The broader Topix held firmer, showing concentrated selling. Nvidia's results now act as a benchmark for global chip-demand sentiment, and Tokyo-listed chip stocks carry high beta—meaning they swing more sharply—relative to that cycle.