Japan Shares Fall as Chips Hit by Outlook Fears

Japanese stocks fell, after gains for four straight sessions, as chip-related stocks were hit by fears that their best days may be over with supplies returning.

The worsening coronavirus infections in the country have negatively affected travel-related sectors, while waning support for Prime Minister Yoshihide Suga has raised further concerns about political stability ahead of elections expected later this year.

The Nikkei index, which is full of technology companies, fell 0.20 percent to 28,015.02 points, while its early gains curbed resistance from a downward trend at about 28,270 points.

The performance of the broader Topix index was less bad, closing down 0.03 percent to 1953.55.