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The decline in Japanese tech stocks led to a temporary drop below the 38,000 yen level.
The Nikkei average continued to decline, closing at 38,142.37 yen, down 95.42 yen (with an estimated Volume of 1.8 billion 50 million shares). In the previous day's USA market, tech stocks were sold off, leading to a focus on selling semiconductor-related stocks in the Tokyo market. The Nikkei average dropped to 37,742.76 yen during the mid-morning session, also dipping below the key level of 38,000 yen at times. However, many are eager to wait for the earnings report from USA semiconductor giant NVIDIA, which is scheduled for early tomorrow morning Japan time.
AI needs to be cautious and is wary of the tightening of semiconductor regulations against China.
The Nikkei average fell sharply. It ended trading at 38,237.79 yen, down 539.15 yen (estimated Volume of 1.9 billion 60 million shares). Selling started early due to the decline in US tech stocks, and the index dropped to 38,131.79 yen just after the trading began. Subsequently, targeting a self-rebound and with buying in trading company stocks, it recovered to 38,485.95 yen toward the end of the morning session. However, aggressive rebound movements were limited, continuing to consolidate around 38,300 yen. The Tokyo Stock Exchange Main Board's
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On the 13th, the ADR trends showed that Sony Group Corp, TDK, Nissan, ETC are trending high in yen conversion.
On the 13th, the American Depositary Receipts (ADR) showed mixed results compared to the closing prices on the Tokyo Stock Exchange. In yen terms, Sony Group Corp <6758.T>, TDK <6762.T>, Nissan Motor Co <7201.T>, Nitori Holdings <9843.T>, SoftBank Group <9984.T>, etc., were higher. On the other hand, Keyence <6861.T>, FANUC CORP <6954.T>, Mitsubishi Corp <8058.T>, Mitsubishi UFJ <8306.T>, Nomura <8604.T>, etc., were weaker. Provided by U.
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