TOKYO, Jan. 27 (Xinhua) — Japan’s key stock index declined on Monday, pushed by a sell-off in semiconductor shares like Advantest and Tokyo Electron.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed down 366.18 factors, or 0.92 p.c, to finish at 39,565.80.
Although the market opened with beneficial properties after final week’s Bank of Japan assembly and Governor Kazuo Ueda’s press convention, shopping for momentum waned as declines in some semiconductor shares pushed down the broader index.
Cable shares akin to Fujikura and Sumitomo Electric, beforehand boosted by AI knowledge middle demand, additionally confronted vital promoting strain.
The TOPIX index rebounded, closing up 7.03 factors, or 0.26 p.c, at 2,758.07.
On the Tokyo Stock Exchange Prime Market, 1,280 shares rose, 324 fell, and 37 remained unchanged.