Nikkei sheds early gains as mood turns cautious ahead of Nvidia earnings
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Japan's Nikkei share average shed early gains of as much as 1.2% to end flat on Wednesday, as the mood turned cautious ahead of earnings from artificial intelligence chip leader Nvidia later in the day. The Nikkei ended the day down 1.71 point at 37,722.40, effectively unchanged but snapping a three-day rally. The broader Topix also finished essentially flat but up 0.02 point at 2,769.51. Japanese stocks were initially buoyed by a sharply weaker yen, which boosts the value of overseas revenues for the country's many heavyweight exporters. However, a poor auction of super-long Japanese government bonds also saw yields pushing higher again, weighing on sentiment. Live Events The Nikkei particularly struggled above the key psychological level of 38,000, after pushing as high as 38,178.73 in morning trading. Some additional push is needed to take the Nikkei firmly above 38,000, such as further positive developments in U.S. tariff ...