In Tokyo trading on the 12th, the Nikkei 225 retreated, closing at ¥60,819.36. Some observers said reports that U.S. semiconductor giant Nvidia was preparing to dismiss its CEO weighed on the market.
The Nikkei 225 fell sharply from the previous day and ended trading lower, closing at 60,819.36, while the TOPIX edged up to 3,937.33. Trading volume was approximately 2.72754 billion shares. The article describes the day's move as a retreat across the broader market.
The market was reportedly weighed down after reports said the board of U.S. semiconductor giant Nvidia was preparing to dismiss CEO Jensen Huang. Some observers said that Nis had affected market sentiment.
Related developments included a temporary sharp drop in Nvidia shares and reports that trading in New York opened with little movement. Some pointed to the possibility that these factors spread to the Japanese market through developments in U.S. markets.