Asia markets drop led by Japan's Nikkei down nearly 4%, tracking tech-led selloff on Wall Street [Seeking Alpha]
TOKYO ELECTRON UNSP/ADR (TOELY)
NASDAQ:AMEX Investor Relations:
tel.com/ir
Company Research
Source: Seeking Alpha
Tech-heavy bourses in Japan, South Korea and Taiwan led the region lower, sliding about 3%. Chip stocks like Tokyo Electron, Advantest, SK hynix, Samsung Electronics, and Taiwan Semiconductor all nursed heavy losses. The Japan ( NKY:IND . The Nikkei 225 Index plunged nearly 4% to below 37,300 on Wednesday, retreating sharply from one-month highs. The Japanese yen appreciated toward 145 per dollar, rebounding sharply from two-week lows as weak US manufacturing data fueled recession fears. The au Jibun Bank Japan Services PMI was revised lower to 53.7 in August 2024 from a preliminary estimate of 54.0. The au Jibun Bank Japan Composite PMI was at 52.9 in August 2024, compared with a flash figure of 53.0. China ( SHCOMP . The Shanghai Composite fell on Wednesday, with mainland stocks struggling for clear direction as sentiment took a hit from weak services activity data. Hong Kong ( HSI . Shares in Hong Kong slipped in early deals on Wednesday, declining for the third session.
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News
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance]Yahoo! Finance
- Tokyo Electron hikes FY profit forecast by 8.5% [Yahoo! Finance]Yahoo! Finance
- Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes [Yahoo! Finance]Yahoo! Finance
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Analyst Actions
- 10/9/24 - Sanford C. Bernstein