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Tokyo Stocks End Wednesday with Mixed Results
(MENAFN) Tokyo equities closed in opposing directions Wednesday as currency fluctuations triggered a market tug-of-war between export-sensitive stocks and surging technology shares buoyed by robust semiconductor equipment earnings.
The benchmark 225-issue Nikkei Stock Average climbed 25.17 points, representing a marginal 0.05 percent gain from Tuesday's close, settling at 53,358.71. Meanwhile, the comprehensive Topix index plummeted 28.10 points, dropping 0.79 percent to finish at 3,535.49.
Within the top-tier Prime Market, nonferrous metal and mining securities led advancement, while chemical and transportation equipment stocks experienced the sharpest declines.
Currency markets witnessed dramatic movement overnight as the dollar plunged to a three-month nadir of 152.10 yen amid mounting anxiety over potential coordinated intervention from Japanese and U.S. monetary authorities.
Export-focused equities faced sustained selling pressure throughout most trading hours, with investors increasingly concerned that strengthening yen valuations would erode corporate profit margins.
The Nikkei index reversed course during late afternoon trading, however, as technology stocks surged following Dutch semiconductor manufacturing titan ASML Holding N.V.'s announcement of fourth-quarter 2025 sales exceeding market forecasts alongside optimistic future guidance, market brokers reported.
The benchmark 225-issue Nikkei Stock Average climbed 25.17 points, representing a marginal 0.05 percent gain from Tuesday's close, settling at 53,358.71. Meanwhile, the comprehensive Topix index plummeted 28.10 points, dropping 0.79 percent to finish at 3,535.49.
Within the top-tier Prime Market, nonferrous metal and mining securities led advancement, while chemical and transportation equipment stocks experienced the sharpest declines.
Currency markets witnessed dramatic movement overnight as the dollar plunged to a three-month nadir of 152.10 yen amid mounting anxiety over potential coordinated intervention from Japanese and U.S. monetary authorities.
Export-focused equities faced sustained selling pressure throughout most trading hours, with investors increasingly concerned that strengthening yen valuations would erode corporate profit margins.
The Nikkei index reversed course during late afternoon trading, however, as technology stocks surged following Dutch semiconductor manufacturing titan ASML Holding N.V.'s announcement of fourth-quarter 2025 sales exceeding market forecasts alongside optimistic future guidance, market brokers reported.
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