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.