Nikkei falls as much as 3% as AI spending concerns hit chip stocks
Advantest and Tokyo Electron led the decline, while Japan's broader Topix fell 1.3% ahead of the Bank of Japan's policy decision.
Global equity funds attract $10.19 billion as inflows ease
Asian equity funds led regional demand with $9.9 billion, while US equity funds recorded withdrawals of $6.65 billion.
Net buying of equity funds worldwide reached $10.19 billion during the week ending October 28, extending an inflow streak to six weeks, LSEG Lipper figures showed. The amount was below the previous week's $25.06 billion.
Asia accounted for the largest regional inflow, although purchases slowed to $9.9 billion from $11.58 billion. Europe attracted $4.54 billion, in contrast to the $6.65 billion investors pulled from US equity funds.
Technology-focused funds received $5.5 billion, compared with $5.07 billion a week earlier. Funds focused on industrial companies attracted $408 million, whereas utilities funds lost $928 million.
Worldwide bond fund inflows dropped to $2.72 billion, the smallest amount in six weeks. Investors withdrew $2.67 billion from short-term bond funds, ending a run without net selling dating to April 15. Purchases of government bond funds totaled $2.62 billion, and corporate bond funds attracted $1.01 billion.
Money market funds lost $38.5 billion after receiving $16.95 billion a week earlier. Gold and other precious metal funds recorded withdrawals totaling $1.51 billion, their second weekly outflow in seven weeks. Energy funds took in $177 million.
A separate breakdown spanning 29,184 emerging-market funds showed equity products attracting $2.2 billion, extending their inflow streak to a third week. Emerging-market bond funds lost $1.85 billion, marking the heaviest weekly withdrawal since September 30.