Nikkei eases from 3-month peak as chip, machinery firms slide [Reuters]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Reuters
Nikkei eases from 3-month peak as chip, machinery firms slide | Reuters 3 Min Read * All but 3 Topix subsectors in negative territory * Chip-related stocks, machinery shares underperform By Daniel Leussink and Ayai Tomisawa TOKYO, March 5 (Reuters) - Japan’s Nikkei dipped on Tuesday, tracking losses on Wall Street and after Beijing trimmed its economic growth target, putting a cloud over companies with large exposures to China. Chip equipment makers also lost ground, with Tokyo Electron sliding 2.3 percent and Advantest Corp slipping 2.7 percent. The Nikkei share average ended 0.4 percent lower at 21,726.28, pulling away from Monday’s near three-month high. Japan’s benchmark index, which has risen 8.4 percent this year, hit its highest intraday level since Dec. 13 on Monday. The broader Topix dropped 0.5 percent to 1,619.23, with all but three of its 33 subsectors trading in negative territory. China on Tuesday lowered its economic growth target for this year to 6.0 to 6.5 percent, as
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