Japan's Nikkei slips as Kioxia tumbles 13%; Tokyo Electron, Panasonic limit losses
9 Articles
9 Articles
The indicator, which groups the 225 most representative titles of the Japanese market, lost 208.25 points, standing at 63,081.86 units at the end of the negotiations.
The Economic Times
Times of IndiaJapan's Nikkei slips as Kioxia tumbles 13%; Tokyo Electron, Panasonic limit losses
Japans Nikkei slipped as Kioxia plunged 13.29% following a disappointing earnings outlook, while banking stocks also weakened. Gains in Tokyo Electron and Panasonic, supported by upbeat profit forecasts and AI-related demand, limited losses. Broader investor sentiment remained cautious following Wall Streets technology selloff and concerns over AI investment sustainability.
Tokyo – Japan's Nikkei average fell Monday after memory chip maker Kioxia's stock price plummeted, but gains from companies with strong outlooks, such as Tokyo Electron, limited losses. The Nikkei fell 0.33% to 63,081.86, while the TOPIX index fell 0.88% to 3,930.28. "There were negative factors, such as last week's decline on Wall Street and Kioxia's earnings," said Kazuki Shimada, chief strategist at Iwai Cosmo Securities. "However, some compa…
(Teleborsa) - Mixed session for Asian Bags, with the Japanese Nikkei index closing down, penalized by the collapse of the Kioxia memory chip manufacturer, after the company's forecasts for the...
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