The Nikkei 225 fell about ¥560 following Lam Research’s earnings announcement in the United States, with Resonac, SCREEN and Ibiden among the top decliners by percentage. The dollar remained range-bound at around ¥158.
The Nikkei 225 was trading about ¥560 lower than the previous day, at around ¥64,060 in the 11 a.m. hour and briefly at ¥64,005.06. The decline followed a drop in Lam Research shares in after-hours trading after the company’s earnings announcement in the U.S. market, intensifying selling pressure on AI- and semiconductor-related stocks. The dollar moved narrowly in the low ¥158 range.
Top decliners among Nikkei 225 constituents included Resonac, SCREEN, Ibiden, Furukawa Electric and Kokusai Electric, while top gainers included SHIFT, Trend Micro, BayCurrent, NRI and Fujitsu.
The article is based on information provided by Wealth Advisor.