Europe Asia News

Nvidia shares fell more than 1% in the U.S. on Monday, giving back part of the more than 5% gains posted last week. Palantir Technologies and Meta Platforms also recorded losses, similar to Oracle.

Japan’s Nikkei 225 Index fell 0.26%, while the broader Topix Index slipped 0.27%.

Shares of SoftBank Group Corp dropped more than 2% after the company announced late Monday that it would acquire data center investment firm DigitalBridge for $4 billion as part of its artificial intelligence investments, though it later recouped some of the losses.

South Korea’s Kospi Index was flat, while the small-cap Kosdaq led losses in Asia with a 0.99% decline. Hong Kong’s Hang Seng Index moved against the trend, rising 0.41%, while mainland China’s CSI 300 Index was unchanged.

After China, the world’s second-largest economy, announced on Monday that it would conduct new drills around Taiwan, investors will focus on China’s military exercises near Taiwan.

Taiwan’s Weighted Index fell 0.1%, while major technology companies such as Taiwan Semiconductor Manufacturing Company and Hon Hai lost around 1%. Australia’s S&P/ASX 200 Index was flat after posting early gains.

U.S. futures showed little change in the early hours of Asian trading. Overnight in the U.S., the S&P 500 fell 0.35%, the Nasdaq Composite declined 0.50%, and the Dow Jones Industrial Average retreated 0.51%.

Investors will be watching housing price data due Tuesday and the minutes of the U.S. Federal Reserve’s December meeting.