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 >
US Health Insurance Stocks Fall After Centene Withdraws 2025 EPS Guidance
US Health Insurance Stocks Fall After Centene Withdraws 2025 EPS Guidance
Jul 2, 2025
12:01 PM EDT, 07/02/2025 (MT Newswires) -- Health insurance stocks were down in recent Wednesday trading after Centene ( CNC ) withdrew its full-year earnings outlook. Molina Healthcare ( MOH ) shares were falling over 20%, UnitedHealth Group ( UNH ) was down 3.4%, Elevance Health ( ELV ) was down 8%, Humana (HUM) was down 2.8% and CVS Health...
US STOCKS-Wall St recovers with help from Nvidia, Tesla; jobs data awaited
US STOCKS-Wall St recovers with help from Nvidia, Tesla; jobs data awaited
Jul 2, 2025
* S&P 500 up 0.3%, Nasdaq up 0.75%, Dow flat * US private payrolls decrease unexpectedly in June * Centene ( CNC ) tumbles after pulling 2025 forecast * Tesla climbs after Q2 deliveries report (Updates with early afternoon price) By Sruthi Shankar and Nikhil Sharma July 2 (Reuters) - U.S. stocks recovered from opening losses to trade higher on...
Sector Update: Health Care
Sector Update: Health Care
Jul 2, 2025
01:05 PM EDT, 07/02/2025 (MT Newswires) -- Health care stocks fell Wednesday afternoon, with the NYSE Health Care Index shedding 0.9% and the Health Care Select Sector SPDR Fund (XLV) down 0.8%. The iShares Biotechnology ETF (IBB) was rising 1.2%. In corporate news, Centene's ( CNC ) shares sank over 39% after the company withdrew its full-year earnings outlook, citing...
US Equity Indexes Mixed in Midday Trading
US Equity Indexes Mixed in Midday Trading
Jul 2, 2025
12:26 PM EDT, 07/02/2025 (MT Newswires) -- US equity indexes and government bond yields traded mixed after midday on Wednesday as investors weighed the labor market data. The Nasdaq rose 0.9% to 20,375.9 after hitting an all-time high of 20,418.31 on Monday. The S&P 500 climbed 0.3% to 6,215.5, trading beneath its new peak of 6,217.48 scaled before midday on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved