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Tokyo stocks end lower as chip-related stocks decline

TOKYO
2024-07-22 17:48

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TOKYO, July 22 (Xinhua) -- Tokyo stocks ended lower on Monday as semiconductor-related issues tracked declines in U.S. tech shares after a global systems outage.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 464.79 points, or 1.16 percent, from Friday at 39,599.00, extending its decline to a fourth session.

The broader Topix index, meanwhile, finished 33.30 points, or 1.16 percent, lower at 2,827.53.

Wall Street stocks extended their slump on Friday, as lingering chaos related to a global technical outage caused by a software glitch added uncertainty to an already anxious market, analysts said.

Selling was also triggered by U.S. President Joe Biden's decision to end his reelection campaign and endorse Vice President Kamala Harris, as the move created uncertainty and made investors cautious, they added.

Among individual stocks, chip equipment maker Tokyo Electron lost 2.57 percent to drag the Nikkei the most, while chip-testing equipment maker Advantest slipped 3.53 percent.
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