Nikkei slides 229 points; private equity backed Rigaku sinks 10% on market debut - Fri 25 Oct 2024

Nikkei225 Summary
Fri 25 Oct 2024 - Japan’s Nikkei slides 229 points on lingering uncertainty over this Sunday's snap election after failing to stage a technical rebound from yesterday's positive close.

Falling victim to the bearish sentiment today, private equity backed X-ray tool maker Rigaku, sinks 10% on its market debut to close at 1,130 yen. The IPO was priced at 1,260 yen, raising about 860 million for the Carlyle Group on its market debut.

The sell off was broad-based, affecting pharma, shipping and ecommerce sectors the most.

  • Nikkei225  37,913.92 (-229.37 -0.60%) 48 up 176 down 1 flat
  • Topix  2,618.32 (-17.25 -0.65%)
  • REIT  1,684.61 (+4.50 +0.27%)
  • JGB 10YR  0.952% (-0.0060)    
  • USD/JPY  152.24 (+0.40 +0.27%)
  • Crude Oil  71.62 (+1.43 +2.04%)


Top Performers

  • Konica Minolta Inc.     ¥602.10 (+40.90 +7.29%) - printing products
  • Nidec Corp.     ¥3,123.00 (+138.50 +4.64%) - industrial electronics
  • Sumco Corp.     ¥1,455.50 (+25.50 +1.78%) - semicon


Bottom Performers

  • Sumitomo Pharma Co. Ltd.     ¥593.00 (-40.00 -6.32%) - pharma
  • Nippon Yusen K.K.     ¥4,945.00 (-194.00 -3.78%) - shipping
  • ZOZO Inc.     ¥4,927.00 (-177.00 -3.47%) - ecommerce


 

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