The Nikkei index fell due to losses in technology stocks.

Micron Technology, Inc.
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Micron Technology, Inc.

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TOKYO, July 8 (Reuters) - Japan's Nikkei index fell in volatile trading on Wednesday, weighed down by losses in technology stocks, after the Nasdaq suffered sharp overnight losses.

The Nikkei index fell 0.72 percent to 67,763.91 points by 01:57 GMT. The broader Topix index also declined 0.62 percent to 4,037.16 points.

Technology stocks came under pressure after the Nasdaq closed sharply lower on Tuesday, weighed down by declines in Micron Technology and other chipmakers amid growing concerns about the AI-driven rally on Wall Street.

Daisuke Hashizumi, senior analyst at Daiwa Securities, said, "Investors cannot fully regain confidence in AI stocks... Samsung Electronics has signaled strong expectations, but the market is not convinced that prices will continue to rise."


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