Japan Market extends losses

Image
Capital Market
Last Updated : Aug 10 2022 | 10:50 PM IST
Japanese share market finished lower in relatively slow trading on Wednesday, 10 August 2022, weighed down by chip-related stocks after a dismal forecast from Micron Technology. Investors were also cautious ahead of the U.S inflation data later in the day and the Tokyo market will be closed for a public holiday on Thursday.

At closing bell, the 225-issue Nikkei Stock Average index was down by 180.63 points, or 0.65%, to 27,819.33. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 3.37 points, or 0.17%, to 1,933.65.

Chip-related stocks declined, with Advantest, a major producer of testing kits for semiconductors, plunging 3.56% to 8,120 yen, while chip-making equipment manufacturer Tokyo Electron dropped 2.61% to 44,410 yen.

CURRENCY NEWS: The U.S. dollar was firm around the 135 yen line as an overnight rise in long-term U.S. Treasury yields prompted investors to buy the U.S. unit. At 5 p.m., the dollar fetched 134.94-96 yen compared with 135.09-19 yen in New York and 134.88-90 yen in Tokyo at 5 p.m. Tuesday.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2022 | 4:32 PM IST

Next Story