Home
Market News
Breaking stock market headlines
Earnings Flash
Breaking coverage of earnings reports, forecasts & dividend updates
Trends
Market movers, trading patterns & key market indicators
Disclosures
Official filings & reports from listed Japanese companies
Explorer
Stock lists filtered by fundamental & technical metrics
Tokyo stocks open lower on concerns over U.S. chip selloff and rising crude oil prices
Tokyo stocks opened lower on Wednesday as selling pressure dominated, with the Nikkei 225 falling 344 yen from the previous close to 62,398 yen.
European markets closed mostly lower on Tuesday, while heavy selling in U.S. semiconductor shares snapped a three-day winning streak for the Nasdaq Composite. The Philadelphia Semiconductor Index (SOX) tumbled more than 3%. This triggered profit-taking in Tokyo-listed chip stocks that had previously propelled the benchmark, capping upside momentum. Market participants remained sidelined ahead of the U.S.-China summit starting May 14, while a rebound in crude oil prices above $100 per barrel and rising global yields also fueled caution.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
South Korean KOSPI opens at 7,513.65 on the 13th, down 129.50 points
HIKARI BUSINESS FORM surges past 1,000 yen mark on buy-heavy opening, Q1 operating profit jumps with over 60% progress rate
Kakaku.com opens with buy orders as EQT announces tender offer at 3,000 yen per share
ExaWizards surges on gap-up opening, forecasts 44% operating profit increase on AI demand, to pay maiden dividend
TOKYO ENERGY & SYSTEMS INC. surges with buy orders, operating profit forecast to jump 54% and reach record high
MSCI periodic rebalancing adds Furukawa Electric, Mitsui Kinzoku and Resonac Holdings, removes Japan Airlines and others
Singapore Nikkei 225 futures open at 62,475 yen on the 13th, down 100 yen
U.S. stocks on May 12: Dow Jones rises 56 points, Nasdaq falls as semiconductor stocks sold off
U.S. forex market summary: Dollar rises to 157.70 yen level on inflation concerns
Tokyo stocks seen under pressure on May 13 amid U.S. semiconductor selloff