Nikkei Hits 3-Week Low on US Downturn Worries; Chip Stocks Slip

-- Japanese equities fell, with the Nikkei 225 Stock Average hitting a three-week low as soft US labor data stoked fears of a slowdown in the world’s largest economy. Chip-related shares led the decline, while financials were hurt by lower bond yields.The Nikkei 225 lost 1.1% to close at 36,657.09, the lowest since Aug. 14. The broader Topix index shed 0.5% to 2,620.76. Both indexes fell below their 25-day moving averages.

Japanese IT services and consulting company Nomura Research Institute Ltd. climbed 3% to a record high after an announcement that it will be added to the Nikkei 225. Mitsubishi Logistics Corp. soared 5.4% as it remained in the Nikkei despite forecasts by some analysts that it would be dropped. Croatia’s and Portugal’s greatest face each other in Lisbon with neither yet ready to tear himself away from international footballNon-Woven Adhesives Market to cross USD 6.2 Billion by 2032, Says Global Market Insights inc.

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