Japan's Nikkei falls 2% as chip shares track Nvidia declines
TOKYO, Feb 28 (Reuters) - Japan's Nikkei share average fell 2% in early trade on Friday, as chip-related stocks tracked chipmaker Nvidia's sharp declines overnight, with Advantest tanking more than 9%.
The Nikkei .N225 fell to 37,501.24 as of 0017 GMT, while the broader Topix .TOPX was down 1.2% at 2,703.57.
The S&P 500 and Nasdaq ended sharply lower overnight, weighed down by an 8.5% slump in chipmaker Nvidia NVDA.O after its quarterly report failed to rekindle Wall Street's AI rally, while investors focused on data pointing to a cooling U.S. economy. .N
Chip-testing equipment maker Advantest 6857.T, a supplier to Nvidia, tanked 9.5%, while chip-making equipment maker Tokyo Electron 8035.T slipped 3.8%.
Fujikura 5803.T, which makes cables for data centres, slipped 7.56%. Its peer Furukawa Electric 5801.T lost 5.6%.
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