Business · Markets · 1 hr ago

Tokyo shares open lower as chip stocks and Middle East tensions weigh

Tokyo shares open lower as chip stocks and Middle East tensions weigh

Tokyo’s stock market opened lower in its first session of the week, after a national holiday the previous day.

The Nikkei, the market’s main index, fell 0.78% to 68,492.11, a drop of 538 points.

Selling in semiconductor shares on the Nasdaq weighed on the market.

Investors were also waiting for quarterly results from major banks.

Tensions in the Middle East added pressure by pushing Brent crude above $105 a barrel.

The yen was steady against the US dollar and stronger against the euro.

The market’s next focus, according to the report, was the banks’ quarterly results.

Sources

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