News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
<Asia> Nikkei Index Falls 91 Points or 0.2% at Midday; Kioxia Drops 6%, Tokio Marine Retreats 1.8%
The Japanese stock market was volatile in the morning session. Foreign capital continued to buy Nikkei Average Index futures, pushing the market up initially, but investor selling ...
Reset
Send
The window will close in 5 seconds
<Asia> Nikkei Index Falls 91 Points or 0.2% at Midday; Kioxia Drops 6%, Tokio Marine Retreats 1.8%
Close
Recommend
2
Positive
2
Negative
1
 
 

The Japanese stock market was volatile in the morning session. Foreign capital continued to buy Nikkei Average Index futures, pushing the market up initially, but investor selling at high levels affected the market. The Nikkei Average Index opened 105 points higher and once rose 426 points to a peak of 54,175 points before retreating, falling 91 points or 0.2% at midday to 53,658 points.

In the AI and semiconductor sectors, SoftBank (9984.JP) and Raytheon Technologies (6920.JP) rose 2% and 3.7%, respectively, while Advantest (6857.JP) and Disco Corporation (6146.JP) fell 2% and 1.1%. Tokyo Electron (8035.JP) rose 0.3%. Googles research on algorithm compression of AI models affected memory usage, putting pressure on US memory stocks, and Japanese memory company Kioxia (285A.JP) fell 6.2%. In the electric wire sector, Furukawa Electric (5801.JP) and Fujikura (5803.JP) rose 7.2% and 3.1%, respectively.

Among other stocks, Fast Retailing (9983.JP) rose less than 0.1%, JX Nippon Mining & Metals (5016.JP) fell 2.8%, and Mitsui Ocean Development & Engineering (6269.JP), a rare earth concept stock, fell 3.4%. In the shipping sector, Mitsui O.S.K. Lines (9104.JP) rose 3%. Nissan (7201.JP) and Panasonic (6752.JP) rose 2.2% and 2.7%, respectively, while Hitachi (6501.JP) and Sanrio (8136.JP) fell 2.3% and 2.4%. Tokyo Electric Power Company (9501.JP) fell 1.5%. Tokio Marine (8766.JP), which had hit the upper limit for two consecutive days, retreated 1.8%.

The USD/JPY exchange rate was 159.49. (fc/a)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Auto-translated by AI

AASTOCKS Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.