financetom
World
financetom
/
World
/
Japan's Nikkei falls 2% as chip shares track Nvidia declines
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei falls 2% as chip shares track Nvidia declines
Feb 27, 2025 4:44 PM

TOKYO, Feb 28 (Reuters) - Japan's Nikkei share average

fell 2% in early trade on Friday, as chip-related stocks tracked

chipmaker Nvidia's ( NVDA ) sharp declines overnight, with Advantest ( ADTTF )

tanking more than 9%.

The Nikkei fell to 37,501.24 as of 0017 GMT, while

the broader Topix was down 1.2% at 2,703.57.

The S&P 500 and Nasdaq ended sharply lower overnight,

weighed down by an 8.5% slump in chipmaker Nvidia ( NVDA ) after

its quarterly report failed to rekindle Wall Street's AI rally,

while investors focused on data pointing to a cooling U.S.

economy.

Chip-testing equipment maker Advantest ( ADTTF ), a supplier

to Nvidia ( NVDA ), tanked 9.5%, while chip-making equipment maker Tokyo

Electron ( TOELF ) slipped 3.8%.

Fujikura ( FKURF ), which makes cables for data centres,

slipped 7.56%. Its peer Furukawa Electric ( FUWAF ) lost 5.6%.

(Reporting by Junko Fujita; Editing by Varun H K)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Global stocks selloff pauses as investors catch their breath
Global stocks selloff pauses as investors catch their breath
Mar 11, 2025
SINGAPORE/LONDON (Reuters) -Tumbling stock markets and rallying Treasuries steadied somewhat Europe on Tuesday, as a modicum of calm returned to markets after the previous day's dramatic moves when the Nasdaq saw its biggest one-day fall in over two years. Europe's broad Stoxx 600 index was flat in early trading, Asia Pacific-ex Japan shares, which had been down around 1.75% earlier...
GLOBAL MARKETS-Global stocks selloff pauses as investors catch their breath
GLOBAL MARKETS-Global stocks selloff pauses as investors catch their breath
Mar 11, 2025
* Stoxx 600 flat, euro higher * Asian stocks pare early losses on global trade war fears * Safe-haven assets including Japanese yen strengthen * U.S. stock futures steady; Nasdaq lost 4% on Monday S&P 500 2% * Gold up further 0.7% (Updates with early European trading) By Ankur Banerjee and Alun John SINGAPORE/LONDON, March 11 (Reuters) - Tumbling stock...
FOREX-Euro surges on hopes of German defence deal; dollar slips again
FOREX-Euro surges on hopes of German defence deal; dollar slips again
Mar 11, 2025
* Dollar index hits lowest since October, set for 7-day losing streak * Euro rises to another four-month high * Yen eases after hitting 5-month high (Updates with early European trading) By Yadarisa Shabong and Tom Westbrook March 11 (Reuters) - The euro scaled a new four-month peak against the dollar on Tuesday on hopes a German defence spending deal...
MORNING BID AMERICAS-Wall Street's epic swoon wipes out Trump bump
MORNING BID AMERICAS-Wall Street's epic swoon wipes out Trump bump
Mar 11, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) By Mike Dolan LONDON, March 11 (Reuters) - Morning Bid U.S. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Wall St's withering stock selloff has now wiped out virtually all post-election gains and risks turning into a momentum-driven...
Copyright 2023-2025 - www.financetom.com All Rights Reserved