Home » Morning Nikkei common continues to fall, correction of the place earlier than the US Nvidia earnings report | Reuters

Morning Nikkei common continues to fall, correction of the place earlier than the US Nvidia earnings report | Reuters

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Morning Nikkei common continues to fall, correction of the place earlier than the US Nvidia earnings report |  Reuters

On the morning of May 22, the Nikkei Stock Average closed at 38,719.35 yen, down 227.58 yen from the earlier enterprise day, on the Tokyo inventory market. Photo taken in Santa Clara, California, USA, picture offered (2024 Reuters/NVIDIA)

TOKYO (Reuters) – On the Tokyo inventory market, the Nikkei Stock Average continued its slide, falling 227.58 yen from the earlier buying and selling day to 38,719.35 yen. NVIDIA (NVDA.O) New Tab attracting market curiosityopens a brand new tabAhead of the monetary outcomes announcement, there was a transfer to regulate positions forward of the occasion. A sell-off in some high-tech shares dragged down the index, with the Nikkei common falling by greater than 300 yen at instances.

The Nikkei Stock Average began the day 123 yen decrease than the earlier buying and selling day, then hit a low of 38,624.96 yen, down 321 yen in the course of the session. Some of the index’s top-contributing high-tech shares offered off, weighing in the marketplace. However, the decline didn’t lengthen additional, and the value hovered across the 38,700 yen stage on the finish of the primary session.

Market individuals’ eyes are centered on Nvidia’s monetary outcomes. As market expectations are excessive, “there’s a danger that belongings will run out after monetary outcomes are introduced, resulting in a sell-off” (Chief Strategist, Domestic Securities).

Shoichi Arisawa, head of the funding analysis division at Iwai Cosmo Securities, mentioned, “It was tough to carry shares earlier than an vital occasion, so we noticed some promoting as a consequence of asset changes.” On the opposite hand, Mr. Arisawa mentioned, “After the occasion passes, there will probably be some shopping for based mostly on the adverse sentiment of Japanese shares, and I believe the market will stay robust.”(Mr Arisawa)

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TOPIX closed 0.54% decrease at 2,744.83 factors. The buying and selling quantity on the TSE principal market was 1,910,477 million yen. Of the 33 industries on the TSE, costs elevated in 5, together with securities, insurance coverage, and data/communications. Prices fell in 28 industries, together with transportation, housing, and electrical energy/fuel.

Individually, Tokyo Electron (8035.T) New Tabopens a brand new tabAdvantest (6857.T) New Tabopens a brand new tabShin-Etsu Chemical (4063.T)New Tabopens a brand new tabSemiconductor associated shares like Semiconductor associated shares are weak. Quick Sell (9983.T) New Tab with excessive index provideopens a brand new tabSoftBank Group (9984.T) New Tab down greater than 1%opens a brand new tabelevated by 1%.
TDK(6762.T)New Tabopens a brand new tabit’s greater than 1% extra. The firm introduced a medium-term administration plan that features targets reminiscent of an working revenue of 11% or extra for the fiscal yr ending March 2027, which was nicely acquired.

In the primary market, 498 shares rose (30%), 1,111 shares (67%) fell, and 40 shares (2%) remained unchanged.

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