Japanese stocks were steady at the end of trading Thursday, despite a decline in the technology sector’s performance, against the backdrop of the release of the results of the US Nvidia.
The Tokyo Stock Exchange reported that Japan’s Nikkei 225 index ended Thursday’s session with a marginal decline of 0.02 percent, or 9.23 points, to reach 38,362.53 points.
The broader Topix index also fell 0.03 percent, or 0.90 points, to close at 2,693.02.
Shares of chip-making equipment maker Tokyo Electron Limited fell 1.76 percent, or 460 yen, to 25,730 yen, technology-focused SoftBank Group Corp. fell 2.40 percent, or 200 yen, to 8,145 yen, while Advantest rose 0.3 percent, or 19 yen, to 6,400 yen.
This came after the US chipmaker Nvidia announced business results that exceeded expectations during the second quarter of its fiscal year. Yet its expectations for annual business results did not meet investors’ expectations.
Source: Qatar News Agency