financetom
Market
financetom
/
Market
/
Japan's Nikkei falls as chip-related stocks track US peers lower
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei falls as chip-related stocks track US peers lower
Mar 13, 2024 8:48 PM

TOKYO, March 14 (Reuters) - Japan's Nikkei share average

fell on Thursday, as heavyweight chip-related stocks tracked

U.S. peers' declines overnight, while gains in energy shares

limited the losses.

The Nikkei was down 0.18% at 38,625,22 by the midday

break, set for a fourth straight session of falls.

The broader Topix was little changed at 2,648.66.

"Japan's major chip stocks mirrored the weak performance of

U.S. chip stocks. It looks like the fever for Nvidia ( NVDA ) is over,"

said Shigetoshi Kamada, general manager at the research

department at Tachibana Securities.

"For the Nikkei to cross the 40,000 level again, Tokyo

Electron ( TOELF ) and its peers need to get a boost."

The S&P 500 and Nasdaq edged lower overnight as

investors took profits in chipmaker stocks. The index of

semiconductors lost 2.5%, with shares of Nvidia ( NVDA ).

which propelled a sharp rally in Japanese chip-related shares,

slipping 1.1%.

The Nikkei crossed 40,000 for the first time earlier this

month, driven by gains of chip-making equipment maker Tokyo

Electron ( TOELF ) and chip-testing equipment maker Advantest ( ADTTF )

.

On Thursday, Tokyo Electron ( TOELF ) and Advantest ( ADTTF ) lost 1.82% and

2.87%, respectively. Silicon-wafer maker Shin-Etsu Chemical ( SHECF )

lost 1.83%.

Refiners jumped 4.24% to become the top performer

among the 33 industry sub-indexes on the Tokyo Stock Exchange,

with Eneos Holdings ( JXHGF ) rising 5.14%.

Energy explorers rose 4.17%.

Nissan Motor ( NSANF ) rose 2.3% after a local television

network TV Tokyo reported that the automaker is considering

seeking a business partnership with Honda Motor ( HMC ), while

the Nikkei business daily said they could collaborate on

electric vehicles.

Honda ( HMC ) rose 0.98%.

Uniqlo-brand owner Fast Retailing ( FRCOF ) rose 1.2% to

become the biggest support for the Nikkei.

Of the 225 components on the Nikkei, 151 stocks rose and 74

fell.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dow Jumps 600 Points; US Adds 119,000 Jobs In September
Dow Jumps 600 Points; US Adds 119,000 Jobs In September
Nov 20, 2025
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 600 points on Thursday. Following the market opening Thursday, the Dow traded up 1.32% to 46,747.93 while the NASDAQ gained 2.19% to 23,058.11. The S&P 500 also rose, gaining, 1.68% to 6,754.03. Check This Out: Jim Cramer: This Communication Services Stock Is ‘Too Speculative’ Leading and...
Wall Street opens sharply higher after Nvidia earnings, jobs data
Wall Street opens sharply higher after Nvidia earnings, jobs data
Nov 20, 2025
(Reuters) -Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's ( NVDA ) stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Average rose 428.7 points, or 0.93%, at the open to 46567.51. The S&P...
Euro zone yields edge up as Nvidia emboldens investors
Euro zone yields edge up as Nvidia emboldens investors
Nov 20, 2025
(Updates prices, adds detail and analyst comment) By Joice Alves and Amanda Cooper LONDON, Nov 20 (Reuters) - Euro zone bond yields edged higher on Thursday after upbeat results from AI bellwether Nvidia ( NVDA ) bolstered risk assets such as stocks, though enthusiasm was kept in check by delayed U.S. jobs data showing unemployment rose in September. With investors...
Wall Street rallies after Nvidia's results
Wall Street rallies after Nvidia's results
Nov 20, 2025
US stock indices rose on Thursday as strong demand for the technology sector followed Nvidias latest quarterly results. Wall Street also drew solid support from the September nonfarm payrolls report, which showed the US economy added 119,000 jobs well above expectations of 50,000 and compared with a loss of 4,000 jobs in August. Chipmakers surged after industry giant Nvidia reported...
Copyright 2023-2026 - www.financetom.com All Rights Reserved