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Japanese Stocks Slip as Tech Shares, Fast Retailing Retreat


Wednesday, 4 July 2018 09:51 WIB

Indeks Nikkei indeks Topix


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Japan’s Nikkei slipped on Wednesday, as technology shares were hit by a slide in U.S. chip makers and sluggish sales weighed on index heavyweight Fast Retailing.

The Nikkei share average was down 0.55 percent at 21,665.48. The broader Topix was 0.27 percent lower at 1,688.17.

High-tech stocks tracked Wall Street peers. Tokyo Electron dropped 4.4 percent, Advantest Corp shed 4.8 percent, SUMCO Corp fell 5.05 percent and Screen Holdings lost 4.55 percent.

On Tuesday, the tech-heavy Nasdaq slid 0.86 percent, with chipmakers sliding after Micron Technology Inc sank when a Chinese court temporarily barred it from selling 26 chip products in the mainland. Micron said it had not yet received such an injunction, but its shares lost 5.5 percent on Tuesday.

Source : Reuters


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