Semiconductor equipment makers including ADVANTEST and DISCO under pressure as SOX index falls again

Semiconductor manufacturing equipment shares, including ADVANTEST CORPORATION <6857> and DISCO CORPORATION <6146>, faced renewed selling pressure. In the U.S. market on Tuesday, semiconductor shares pulled back sharply, with Advanced Micro Devices shedding 3.00% and Arm Holdings dropping 6.20%. The Philadelphia Semiconductor Index (SOX) also declined, still reeling from the previous week's 10.00% plunge on June 5. Growing inflation fears and lingering worries over a potential Federal Reserve rate hike later this year continued to dampen market sentiment.

Furthermore, a rate hike is widely expected at next week's Bank of Japan (BOJ) monetary policy meeting. Although the Tokyo market has largely priced this in, mega-cap semiconductor shares remained vulnerable to profit-taking due to valuation concerns. Additionally, anxieties over whether SpaceX 's imminent listing will match high expectations, coupled with bearish market chatter, kept investors on the sidelines.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.