Japanese stocks rose ahead of the US tech sell-off

The Nasdaq Composite recorded its biggest one-day drop in nearly two months, as Nvidia led a sell-off of several Big Tech names and hindered gains in the broader US stock market.

The tech-heavy index closed down 1.1% on Monday, its biggest one-day drop since April 30. Shares of Nvidia fell 6.7%, continuing a recent slide that was biggest daily drop since mid-April.

Due to its large proportion, Nvidia’s stock price fluctuations have a great influence on the movements of stock market indices.

The S&P 500 closed down 0.3% on Monday, even as about 70% of the benchmark index’s constituents ended the session higher.