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Tokyo stocks end lower amid sell-off of chip shares

0 Comment(s)Print E-mail Xinhua, January 14, 2025
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TOKYO, Jan. 14 (Xinhua) -- Tokyo stocks ended lower for a fourth straight day on Tuesday after the benchmark Nikkei briefly slid over 2 percent, as concerns over the impact of additional U.S. trade restrictions for semiconductors led to heavy selling of technology shares.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 716.10 points, or 1.83 percent, from Friday at 38,474.30.

The broader Topix index, finished 31.54 points, or 1.16 percent, lower at 2,682.58. Japanese markets were closed on Monday for a national holiday.

On the stock market, the Nikkei briefly lost nearly 900 points as heavyweight chip-related shares plunged after the U.S. government announced steps to further restrict exports of semiconductors used for artificial intelligence, analysts said.

Japanese chipmaking equipment maker Tokyo Electron was down 3.7 percent at 26,020 yen, while chip-testing equipment maker Advantest fell 9.2 percent to 9,424 yen. Enditem

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