• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

21 November 2024 08:38  |

Tech Losses Send Japan Stocks Lower

The Nikkei 225 index fell 0.8% to around 38,030, while the broader Topix index fell 0.2% to 2,693 on Thursday, as Japanese shares hit a multi-week low, driven largely by losses in the technology sector.

The declines followed a sharp drop in Nvidia shares after hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance.

Nvidia’s struggles weighed heavily on the broader technology sector, with significant losses for Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%).

Other major index components also fell, including Mitsubishi Heavy Industries (-2.2%), IHI Corp (-1.5%), and Inpex Corp (-2%). On the economic front, investors are looking ahead to Japan’s latest inflation data due on Friday to gauge the country’s economic outlook and monetary policy.

Source: Trading Economics

Related News

NIKKEI

The Nikkei 225 Index Closes 0.80% Higher

The Nikkei 225 Index climbed 0.96% to close at 39,277 on Wednesday, while the broader Topix Index increased 0.81% to 2,704, m...

30 October 2024 13:54
NIKKEI

Asia-Pacific Markets Open Mixed; Australia Inflation Data in...

Asia-Pacific markets opened mixed Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new...

30 October 2024 07:27
NIKKEI

Japan Stock Market (JP225)

The Nikkei 225 Index rose 0.1% to around 39,200 while the broader Topix Index gained 0.5% to 2,704 on Thursday, recouping som...

17 October 2024 11:05
NIKKEI

Japan Stocks Edge Higher as Traders Return From 3-Day Weeken...

Japanese stocks climbed, rebounding from Friday’s drop, as markets reopened from a three-day weekend. A tight US presidenti...

5 November 2024 07:29
BIAS23.com NM23 Ai