Japan's Nikkei touches one-month low on U.S. peers weakness [Yahoo! Finance]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance
The Nikkei was down 2.11% to 38,405.58, its lowest since March 14, by the midday break. The broader Topix had fallen 1.82% to 2,703.20. "Japanese stocks tracked overnight U.S. equities lower," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory. U.S. stocks closed sharply lower due to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel. "The yen's weakness did not help lift appetite for local stocks because the yen kept its momentum against other currencies. It is just that the dollar was strong against other currencies," Yasuda said. The dollar stood just off its highest since early November on Tuesday, with the yen languishing at its lowest level since 1990 following hotter-than-expected U.S. retail sales. In Japan, chip-making equipment maker Tokyo Electron slid 4.15% to become the biggest drag on the Nikkei, while chip-testing equipment maker Advantest lost 4.08%. Uniqlo-brand owner Fast Retailin
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