The Nikkei average started at 251.81 yen lower, with semiconductor-related stocks down and the post-earnings decline of Nvidia weighing on after-hours trading.
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Market overview
The Nikkei Stock Average in the Tokyo stock market today started at 38,119.95, down 251.81 yen from the previous trading day, and the TOPIX (Tokyo Stock Price Index) started at 2,683.62, down 8.50 points.
The Nikkei Stock Average in the Tokyo stock market today started at 38,119.95, down 251.81 yen from the previous trading day, and the TOPIX (Tokyo Stock Price Index) started at 2,683.62, down 8.50 points.
Top news
Semiconductor-related stocks fell - Nvidia fell after hours, adding pressure.
$NVIDIA (NVDA.US)$The drop in after-hours trading was a burden, and domestic semiconductor-related stocks fell. NVIDIA announced its 5-7 month financial results (Q2) after the market closed, with earnings per share and revenue exceeding expectations. However, the 3Q guidance fell below the most optimistic market forecast, raising concerns about a slowdown in explosive growth. NVIDIA's stock price temporarily dropped 8% after hours.
Semiconductor-related stocks fell - Nvidia fell after hours, adding pressure.
$NVIDIA (NVDA.US)$The drop in after-hours trading was a burden, and domestic semiconductor-related stocks fell. NVIDIA announced its 5-7 month financial results (Q2) after the market closed, with earnings per share and revenue exceeding expectations. However, the 3Q guidance fell below the most optimistic market forecast, raising concerns about a slowdown in explosive growth. NVIDIA's stock price temporarily dropped 8% after hours.
Kasumigaseki Capital rebounded after 3 days. The company announced that it has acquired development land for the largest-scale frozen automated warehouse in its history.
$Kasumigaseki Capital (3498.JP)$Gan Ltd rebounded after 3 days. The company announced that it has acquired development land for a logistics facility in Fukuroi City, Shizuoka Prefecture. This project will be the largest-scale frozen automated warehouse development project in the company's history.
$Kasumigaseki Capital (3498.JP)$Gan Ltd rebounded after 3 days. The company announced that it has acquired development land for a logistics facility in Fukuroi City, Shizuoka Prefecture. This project will be the largest-scale frozen automated warehouse development project in the company's history.
Nippon Steel Solution declined as Morgan Stanley lowered its rating to 'Underweight'. The target stock price is 3000 yen.
Morgan Stanley $NS Solutions (2327.JP)$has downgraded its investment rating on to 'Underweight' from 'Equal Weight'. The target stock price is 3000 yen.
Morgan Stanley $NS Solutions (2327.JP)$has downgraded its investment rating on to 'Underweight' from 'Equal Weight'. The target stock price is 3000 yen.
Nippon Steel Corporation fell for the first time in 3 days as it announced plans for additional investment in US Steel's blast furnace integrated steel plants.
$Nippon Steel (5401.JP)$Gan Ltd fell for the first time in 3 days. The company announced plans for additional investment in Mon Valley Works and Gary Works, which are blast furnace integrated steel plants of US Steel, as part of the acquisition of US Steel.
$Nippon Steel (5401.JP)$Gan Ltd fell for the first time in 3 days. The company announced plans for additional investment in Mon Valley Works and Gary Works, which are blast furnace integrated steel plants of US Steel, as part of the acquisition of US Steel.
The stake of Osaka Steel in Strategic Capital has increased to 8.5%.
Stake in Strategic Capital $Osaka Steel (5449.JP)$The stake has increased from 7.43% to 8.47%. The reporting obligation date is August 21st.
Stake in Strategic Capital $Osaka Steel (5449.JP)$The stake has increased from 7.43% to 8.47%. The reporting obligation date is August 21st.
Source: The Nikkei, Bloomberg, Trader's Web
-moomoo News Kathy
-moomoo News Kathy
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