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In the afternoon session, the Nikkei average started up 861 points, with Fujitsu and KOKUSAI, among others, rising.
[Nikkei Stock Average・TOPIX (Table)] Nikkei Average; 40168.42; +861.37 TOPIX; 2788.11; +31.73 [Afternoon Session Opening Overview] The Nikkei Average in the afternoon session started at 40168.42 yen, up 861.37 yen compared to the previous day, slightly narrowing the increase from the morning close (40264.50 yen). During lunch time, the Nikkei 225 Futures traded in a weak range of 40140 yen - 40320 yen. The dollar-yen exchange rate is 1 dollar = 158.20-30 yen since around 9 AM.
KOKUSAI's significant decline, due to the weakness in US semiconductor stocks and the uncertainty in the memory market outlook.
KOKUSAI＜6525＞ is significantly declining. Today, semiconductor-related stocks, which are the mainstay, are generally softening. In the US market, the SOX index is down 1.8%, with Intel and Applied Materials experiencing a significant decline of over 5%, leading to selling pressure spreading to domestic-related stocks. In addition, at Morgan Stanley MUFG Securities, the target stock price of five semiconductor front-end equipment manufacturers has been lowered, with the target price for the company reduced from 3900 yen to 3400 yen. The outlook for the memory market.
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