Japan’s Nikkei Index Retreats From Its Highest Level in a Month

Japan’s Nikkei fell on Wednesday from a one-month high hit in the previous session, after shares of chip-related companies followed the lead of their US counterparts lower.

The Nikkei index fell 0.56 percent, recording 28,906.88 points at the close. The index rose during trading on Tuesday to 29121.01 points, a level not seen since November 26.

The broader Topix index fell 0.30 percent.

Chip companies were among the worst performers, as Tokyo Electron fell 0.97 percent, Trend Micro fell 2.99 percent and Advantest fell 1.63 percent.

And last night, the Nasdaq index, led by technology stocks, fell 0.48 percent, as the momentum that lifted US stocks stopped over four sessions.

The biggest loser on the Nikkei in terms of percentage points was Sapporo Brewery Holdings, which fell 3.79 percent.