Japanese stocks closed today's session with losses amid preparations for Nvidia's results.

Japanese stock indices declined during Wednesday's trading, ending the session with clear losses due to losses in the technology sector as investors shifted to a cautious stance ahead of the earnings results and profit forecasts from the American technology giant Nvidia later today.

In terms of trading, the Nikkei 225 index closed the session down by 0.16% at 38,352.34 points, while the broader Topix index fell more significantly by 0.43% to close at 2,698.29 points.

The Tokyo stock market session saw losses for many major stocks linked to the semiconductor sector, as investors awaited the announcement from the world’s highest-valued chipmaker regarding its third-quarter earnings after the Wall Street session closes.

Regarding the leading stocks in the Nikkei index, Tokyo Marine Holdings, an insurance company, dropped by 7%, causing the most significant losses for the index. This was followed by losses in Tokyo Electron shares, which fell by 0.6%, and shares of the financial group SoftBank, which focuses on AI investments and startups, declined by 0.4%.

On the other hand, shares of Japanese energy company Tokyo Gas rose by 13%, after a regulatory filing yesterday revealed that the well-known American investment firm Elliott Management had acquired a 5.03% stake in the company, making it the biggest gainer in the Nikkei today.

Shares of Advantest, which counts Nvidia as one of its clients, also increased by 1.1%, and shares of retail company Seven & I Holdings surged by 6.5%, following a report that the founding family aims to take the company private in the current fiscal year.

Additionally, shares of Japanese technology and entertainment group Sony rose by 2.8% after reports emerged that the company is in talks to acquire publishing, anime, and game company Kadokawa, whose shares also closed with significant gains of 16.05%.