Thursday, October 17, 2024
14.3 C
London

Tokyo Stock Exchange closes lower as chip-related stocks decline

Tokyo Stock Exchange closes lower as chip-related stocks decline

And retreat Nikkei indicator by 0.7 percent, to record the lowest closing level in a week at 38,911.19 points, while the Topix indicator The broadest range increased by 0.1 percent to 2687.83 points.

Shares of large companies in the sector fell Technology For the second session, it negatively affected the Nikkei index, after the Dutch company ASML announced that it had lowered its annual sales expectations, raising concerns about demand, which led to a decline. Company shares Associated with chips in the previous session.

Losses reduced Technology Shortly after the company announcement Taiwan For industry Semiconductors Ltd., the dominant manufacturer of advanced chips used in applications artificial intelligencereported an increase in its profits in the third quarter by 54 percent, exceeding expectations.

The shares of Advantest, a manufacturer of chip testing equipment, consolidated somewhat, closing down only 0.6 percent, while the shares of the giant chip manufacturing equipment company, Tokyo Electron, fell 3.2 percent, exerting the greatest pressure on the Nikkei index. Shin-Etsu Chemical shares fell 1.4 percent.

Chip manufacturing equipment supplier Disco fell 1.5 percent before earnings data was released later in the day.

The range of selling expanded in afternoon trading, ending with 127 out of 225 shares Nikkei indicator Trading is in negative territory, including Fast Retailing shares, which fell 1.1 percent.

Shares were closed Cars On the rise as the yen fell to remain near the 150 level to the dollar, which supports exporters, but gains have diminished since the morning.

Shares rose Subaru company Approximately 2.3 percent, Nissan Motor shares 1.3 percent, and Toyota Motor shares 1 percent.

A lower yen would support exporters’ profits when they are transferred home in Japanese currency.

Shares rose Financial sector After its counterparts in the United States helped the Wall Street Stock Exchange close higher yesterday, Wednesday, as Mizuho Financial Group shares rose 2.2 percent and Mitsubishi UFJ Financial Group shares rose 1.9 percent.



Source link

Hot this week

Italy supports the establishment of the European Hydrogen Bank

The Italian news agency Ansamed reported on Thursday...

Southern Ontario to see ‘perfect’ stretch of warm, sunny weather

Parts of Ontario are in for a stretch...

Global ESG gap widens as trust in governments and businesses declines

There is a global gap in environmental, social,...

Russia announces its control of a new town in eastern Ukraine

The Ministry of Defense report stated: “As a...

PLANNING AHEAD: Using mail-in ballots in a crucial presidential election year

If you have already voted by mail-in ballot in...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img