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Tokyo, July 07 (QNA) – Japan’s Nikkei share average closed 2% lower on Tuesday as semiconductor-related heavyweights fell after a drop in South Korea’s Samsung Electronics sent the benchmark KOSPI tumbling.
The Nikkei fell 2.12% to close at 68,256.96 points.
The broader Topix index ended 0.97% lower at 4,062.26 points after hitting a record high of 4,137.62 earlier in the session.
Shares of Japan’s high-flying memory maker Kioxia fell 11.26% and chip-related Advantest and semiconductor producer Tokyo Electron lost 2.25% and 3.94%, respectively.
The benchmark KOSPI fell as much as 8%, triggering circuit breakers for the sixth time this year, as Samsung Electronics tanked as much as 10%.
Japan’s banking shares rose, with Mitsubishi UFJ Financial Group up 2.26%, Mizuho Financial Group and Sumitomo Mitsui Financial Group inched up 0.39% and 0.18%, respectively.
Nomura Holdings rose 3% to become the top percentage gainer in the Nikkei.
Toyota Motor closed 0.79% higher.
Of the more than 1,500 stocks trading on the Tokyo Stock Exchange’s prime market, 47% rose, 49% slipped and 2% traded flat. (QNA)
