stocks tracked an overnight drop in the tech-heavy Nasdaq index in the U.S. but gains in bank shares helped the Topix trim early losses.
The Nikkei slipped 1.39% to close at 39,016.87.
The broader Topix inched down 0.04% at 2,756.9, recouping most of its 0.8% loss earlier in the session.
The Nasdaq index posted its biggest one-day drop since Dec. 18 overnight as a low-cost Chinese artificial intelligence model prompted a steep sell-off in U.S. chipmakers, led by AI leader Nvidia.
U.S. semiconductor chip index dropped 9.2% in its biggest single-day fall since March 2020.
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