Tag: Nikkei
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Japan’s Nikkei slumps up to 3% as tech stocks tumble on AI worries
TOKYO, Oct 30 : Japan’s Nikkei share average dropped as much as 3 per cent on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.Tokyo tracked overnight losses on Wall Street, given additional impetus by late earnings from Amazon.com and Intel that
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Japan’s Nikkei slumps 3% as tech stocks tumble on AI worries
TOKYO, Oct 30 : Japan’s Nikkei share average dropped as much as 3 per cent on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.Tokyo tracked overnight losses on Wall Street, and were given additional impetus by late earnings from Amazon.com and In
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Japan’s Nidec likely to miss month-end deadline on audit, Nikkei says
TOKYO, Oct 28 : Japan’s Nidec is unlikely to secure an auditor’s opinion on its securities report by month-end after an auditor flagged that the audit could be delayed, the Nikkei business daily said on Wednesday. The step comes after Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori al
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Japan’s Nikkei falls for a 3rd day as tech sector weighs, energy shares rise
TOKYO, Oct 26 : Japan’s Nikkei share gauge lost ground for a third straight session on Monday as chip-related shares continued their decline, while energy-linked shares gained on higher oil prices.The benchmark Nikkei 225 slid 0.80 per cent to close at 62,189.65, its lowest closing level since July 30. The br
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Japan’s Nikkei edges lower as tech sector weighs, energy shares rise
TOKYO, Oct 26 : Japan’s Nikkei share gauge edged lower on Monday as chip-related shares fell after a weaker Wall Street session, while energy-linked shares gained on higher oil prices.The benchmark Nikkei 225 slid 0.43 per cent to 62,425.47 in morning trade, down for a third straight session and poised for it
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Asia stocks edge higher, oil up amid Gulf confusion
Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel.
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Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout
HONG KONG: South Korea’s Kospi collapsed 10 per cent as tech took a battering on another black day for Asian stock markets, with a report of a breakthrough in China’s chip industry compounding worries about the longevity of the AI boom.The losses extended a sell-off across the industry globally following an e
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Japan’s Nikkei falls more than 2% on AI spending worries
TOKYO, July 24 : Japan’s Nikkei share average fell more than 2 per cent on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.The Nikkei was down 2.69 per cent at 64,634.04 as of 0112 GMT, while the broader Topix slipped 1.28 per cent to 4,002.09.The Ni
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Japan’s Nikkei rallies after steep decline as focus turns to tech results
TOKYO, July 21 : Japan’s Nikkei share average rose on Tuesday as markets reopened after a holiday and investors seized on bargains following the gauge’s steepest weekly selloff in more than a year.The benchmark Nikkei 225 advanced 1.25 per cent to 64,945.96 in early trading, recovering part of its 6.4 per cen
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Japan’s Nikkei slides into correction zone on tech selloff, Middle East conflict
TOKYO, July 17 : Japan’s Nikkei tumbled into correction territory on Friday, as a global rout in chipmakers and an escalation in the Middle East conflict prompted investors to shun risk assets.The benchmark Nikkei 225 sank 4.03 per cent to close lower at 64,141.12, after falling as much as 6.18 per cent. The
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