Business · Markets · 1 hr ago

Nikkei average opens lower as US chip stocks fall

Nikkei average opens lower as US chip stocks fall

Japan’s Nikkei 225 stock average fell at the start of trading on October 13.

It opened 466.07 points lower than its closing level before the three-day weekend, at 68,564.85.

The drop followed a sell-off in semiconductor stocks on the previous day in the United States.

That prompted early selling in Tokyo shares linked to artificial intelligence and semiconductors.

Investor sentiment was also weakened by growing concerns over tensions in the Middle East.

The market’s opening decline shows how overseas technology shares and geopolitical concerns can affect Japanese stocks.

Sources

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