Japanese Nikkei index closes with slight decline as chip stocks fall
<p>Tokyo: The Japanese Nikkei index gave up its early gains to close slightly lower today, affected by a decline in semiconductor company stocks, following the results announcement from the Dutch equipment manufacturer ASML.</p> <p>Nikkei fell by 0.05 percent to 67,744.29 points, after rising by up to 0.93 percent during the session, while the broader Topix index dropped 0.34 percent to 4,096.78…
Tokyo: The Japanese Nikkei index gave up early gains and closed slightly lower today, impacted by a drop in semiconductor stocks following ASML's earnings announcement, according to wire reports. The Nikkei fell by 0.05 percent to 67,744.29 points after initially rising by up to 0.93 percent. Meanwhile, the broader Topix index fell 0.34 percent to 4,096.78 points.
Tokyo Electron's stock fell 2.73%, while Advantest's stock declined 0.05%. Conversely, Fujikura's stock rose 2.56%, and Taiyo Yuden's stock increased 3.59%. Bank stocks put downward pressure on the TOPIX index, with Mizuho Financial Group down 2.87%, Mitsubishi UFJ Financial Group down 1.94%, and Sumitomo Mitsui Financial Group down 1.85%.
In the Tokyo Stock Exchange's main section, 57% of listed companies' stocks fell, 38% rose, and 3% remained unchanged.
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