Japan’s Nikkei share average dropped more than 1% on Monday as tech stocks tracked their Wall Street peers lower on lingering worries over stretched valuations. The Nikkei slid 1.3% to end the day at 50,168.11, with artificial intelligence (AI)-focused startup investor SoftBank Group and chip-testing-tool maker Advantest – an Nvidia supplier – the biggest drags…
Japan’s Nikkei share average edged higher on Monday, supported by a pause in recent yen strength and a rebound in property shares, but was held back by sharp declines for heavyweight stock SoftBank Group. Although market expectations are building for a Bank of Japan interest rate hike next week, traders are unwinding some of last…
Japan’s Nikkei share average closed at a more than 11-month high on Monday as investor risk appetite grew after a strong rally in U.S. equities, driven by hopes for trade talks and Federal Reserve’s rate cuts. The Nikkei rose 0.84% to close at 40,487.39, its highest closing level since July 17. The index narrowed its…
Japan’s Nikkei share average touched its highest in almost five months on Thursday, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares. The Nikkei climbed 1.7% to 39,584.58 at the close and reached 39,615.59 at its highest point during the session, a…
Japan’s Nikkei share average snapped a three-day losing streak on Tuesday, as indications that impending U.S. tariffs may be more measured than previously feared injected fresh optimism into the markets, though ongoing uncertainty capped the gains. The Nikkei closed 0.5% higher at 37,780.54. Earlier in the session, the index climbed more than 1% and briefly…
Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design chips, a person familiar with the matter said, amid an ongoing legal battle between the two companies. Qualcomm’s shares fell nearly 3% on Wednesday, while Arm was down around 6%. Arm has given Qualcomm a mandated…