Japan's Nikkei drifts as chip gains offset Uniqlo owner's retreat [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
in chip-related stocks offset declines by heavyweights such as Uniqlo owner Fast Retailing and Nissan Motor. Three of the Nikkei's four biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron, as they tracked a record rally in U.S. peer Nvidia. However, Nissan slumped more than 4% after an update to its medium-term business plan post a market close on Monday that underwhelmed investors. Fast Retailing sagged 1.5%, continuing its retreat this week from Friday's record high. The Nikkei was little changed at 40,422.23 as of 0143 GMT, following Monday's 1.16% drop back from Friday's fresh all-time peak of 41,087.75. Of the index's 225 components, 119 rose, 102 fell and four were flat. The broader Topix was last up 0.22%, after starting the day lower. Noting support from the upward-pointing five-day moving average at around 40,530, "I think it would be quite difficult for the Nikkei to turn lower," said Kazuo Kamitani, an equity strat
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- Japan's Nikkei ends higher as chip shares track US tech stocks, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance
- Japan's Nikkei rises as tech shares track US peers, Fast Retailing weighs [Yahoo! Finance]Yahoo! Finance