Nikkei Turun 1,7% Akibat Tekanan Logam dan Saham Terkait Chip
Japanese stocks are lower in early trade after U.S. technology shares fell sharply overnight. Metals and chip-related stocks are leading the declines. JX Advanced Metals is down 4.6%, Tokyo Electron is 4.9% lower and SoftBank Group is down 7.3%.
USD/JPY is at 154.72, compared with 154.95 as of Thursday's Tokyo stock market close. Investors are closely watching corporate earnings and Prime Minister Sanae Takaichi's policy steps to support the economy. Toray Industries and Dai-ichi Life Holdings are set to announce their quarterly results later Friday. The Nikkei Stock Average is 1.7% lower at 50428.33.
Source: Bloomberg
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