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<Asia> Nikkei Index Closes Down 145 Points or 0.3%; Kioxia Falls Over 5%, Tokio Marine Retraces 3%
Japanese stocks were volatile and slightly weak. The US stock market rose overnight (25th), which initially boosted the market, but investors remained cautious about the Middle Eas...
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<Asia> Nikkei Index Closes Down 145 Points or 0.3%; Kioxia Falls Over 5%, Tokio Marine Retraces 3%
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Japanese stocks were volatile and slightly weak. The US stock market rose overnight (25th), which initially boosted the market, but investors remained cautious about the Middle East situation. Heavyweight SoftBank (9984.JP) narrowed its gains, leading the market to reverse. The Nikkei Average Index opened 105 points higher, surged by 426 points to a peak of 54,175 points in early trading, then retreated. It briefly fell 572 points to a trough of 53,176 points, closing down 145 points or 0.3% at 53,603 points.

In the AI and semiconductor sector, SoftBank (9984.JP) and Tokyo Electron (8035.JP) rose 0.3% and 0.4%, respectively, while Rohm (6920.JP) increased by 3.5%. Advantest (6857.JP) and Disco (6146.JP) fell by 2% and 0.7%. Google's research on algorithm compression of AI models affected memory usage, putting pressure on US memory stocks, with Japanese memory company Kioxia (285A.JP) dropping 5.7%. In the electric wire sector, Furukawa Electric (5801.JP) and Fujikura (5803.JP) rose 3.1% and 2.3%.

Among other stocks, Fast Retailing (9983.JP) fell 0.8%. In the metals sector, JX Nippon Mining & Metals (5016.JP) and Mitsui Mining & Smelting (5706.JP) declined by 1.8% and 2.3%, respectively, while rare earth concept Mitsui Ocean Development (6269.JP) dropped 2.5%. Shipping stocks Mitsui O.S.K. Lines (9104.JP) and Kawasaki Kisen Kaisha (9107.JP) rose 5.1% and 2.3%. Panasonic (6752.JP) increased by 2.4%, while Hitachi (6501.JP), Ryohin Keikaku (7453.JP), and Sanrio (8136.JP) fell between 1.9% and 2.2%. Tokyo Electric Power Company (9501.JP) declined by 2.1%. Tokio Marine (8766.JP), which had surged for two consecutive days, retraced by 3.4%.

The USD/JPY rate was at 159.34. (fc/w)



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.

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