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Japan's Nikkei edges lower as Advantest, SoftBank Group drag
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Japan's Nikkei edges lower as Advantest, SoftBank Group drag
Nov 3, 2025 7:40 PM

TOKYO, Nov 4 (Reuters) - Japan's Nikkei share average

eased on Tuesday in choppy trade, weighed down by declines in

Advantest ( ADTTF ) and SoftBank Group, although strong outlook-driven

gains in some technology stocks helped limit losses.

The Nikkei was down 0.1% at 52,361.14 by the midday

break. The broader Topix rose 0.38% to 3,344.48.

Chip-testing equipment maker Advantest ( ADTTF ) lost 3.63%

and technology investor SoftBank Group fell 1.33%,

dragging the index the most.

"The Nikkei went up and down today, but sentiment was strong

as seen in the gains of the Topix index," said Shuutarou Yasuda,

a market analyst at Tokai Tokyo Intelligence Laboratory.

"The market momentum was supported by the strong performance

of U.S. technology stocks such as Amazon ( AMZN )," he said.

The S&P 500 and the Nasdaq closed higher on Monday, with

artificial intelligence-related deals driving much of the gains.

Amazon ( AMZN ) rose 4% after announcing a $38 billion deal

with OpenAI.

Japan's stock market was closed for a public holiday on

Monday.

On Tuesday, Tokyo Electron ( TOELF ) jumped 3.95% after the

chip-making equipment maker on Friday hiked its operating profit

forecast by 2.8% for the year ending March 2026.

Sumitomo Electric, a gauge for investments for AI

data centres, surged 12.73% after the cable maker raised its

annual net profit forecast by 18.7% to 230 billion yen ($1.53

billion).

Other decliners included chip-related Socionext ( SOCNF ),

which tanked 19.54% after flagging its annual net profit would

fall 65.8% to 6.7 billion yen.

Of more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 67% rose, 30% fell, while 2% traded

flat.

($1 = 150.7800 yen)

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