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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Bloomberg News

Nikkei 225,Kentaro Hayashi

(Bloomberg) -- 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...

-- 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Whipsaw week for stocks leaves markets 'on edge' ahead of busy economic data weekA volatile week for markets leaves Wall Street bracing for more big swings ahead of key economic data.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »