Japanese Stocks Weaken, Chip Stocks Under Pressure
Japanese stocks opened lower in early trading on Thursday (Tokyo time), amid investor concerns about corporate earnings reports and the potential impact of new US tariffs. The Nikkei index fell slightly by 0.1% to 40,760.24 points.
Technology stocks, particularly those related to semiconductors, led the decline. Renesas Electronics shares fell 2.4%, while Tokyo Electron plunged more than 4%. This decline reflects concerns about external pressures, particularly from uncertain US trade policy.
The dollar weakened slightly against the yen to 147.32, down from 147.48 at the previous market close. This movement reflects investor caution ahead of earnings reports from several major Japanese companies.
Market focus is currently on the release of domestic earnings reports, including those from technology giant Sony Group and automaker Toyota Motor, which are scheduled to announce their results today. The results from these two major companies are expected to provide a new direction for future market movements. (ayu)
Source: Newsmaker.id
