Japan's Nikkei set for fourth losing session as chip stocks weigh [Yahoo! Finance]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance
The Nikkei was down 0.48% at 37,779.25 as of 0141 GMT, heading for a fourth straight day of declines. It has fallen 4.35% so far this week, on track for its worst week since December 2022. Semiconductor shares and other tech stocks sank after Dutch computer chip equipment maker ASML announced new bookings on Wednesday that fell well short of analyst estimates. Japanese chip-making equipment giant Tokyo Electron slid 1.29% to be among the Nikkei's biggest drags. Artificial intelligence-focused startup investor SoftBank Group dropped 3.35% to be another major weight on the index. Energy shares also fell sharply amid a decline in crude oil prices. However, the Nikkei managed to pare some early losses as dip buyers emerged. The broader, less tech-heavy Topix reversed small early losses to be up 0.19%. A subindex of value shares gained 0.27% while growth stocks added 0.06%. For the year, the Nikkei remains up 13.22%. "The Japanese market has been strong since the start of th
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