Tokyo Electron suffered a sharp decline, while selling spread to front-end-related stocks after U.S.-based Lam Research plunged in after-hours trading. Lam Research reported first-quarter results, with revenue and profit exceeding market expectations, although some analysts noted that concerns about downside remained because the outlook range was wide.
U.S.-based Lam Research reported first-quarter results, with revenue and profit exceeding market expectations. Although its second-quarter revenue and profit outlook exceeded market expectations, the range was wide, and some analysts saw continuing downside risk.
Following the announcement, Lam Research plunged more than 7% in after-hours trading, and selling spread to domestic front-end-related stocks.
Tokyo Electron fell sharply, while related stocks including SCREEN Holdings, Lasertec and Kokusai Electric also declined.