From Nasdaq: 2024-03-25 22:12:27

Japan’s Nikkei share average sees small gains and losses, with chip-related stocks buoying the market despite declines from heavyweights like Fast Retailing and Nissan Motor. Tokyo Electron leads the semiconductor sphere following a record rally in U.S. peer Nvidia. Nissan slumps over 4% after an underwhelming update to its business plan.

Fast Retailing continues its retreat, down 1.5% from Friday’s record high. The Nikkei remains stable at 40,422.23, following a slight drop from its all-time peak. Of the 225 components, 119 rose, 102 fell, and four were flat. The broader Topix is up 0.22% after starting the day lower.

Despite stability, gains are expected to be limited this session, with no strong market direction evident. Tokyo Electron, Shin-Etsu Chemical, and Screen Holdings rise in the semiconductor sector. Nvidia hits a second successive all-time high, extending its winning streak to a sixth session amidst artificial intelligence excitement.



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