Nikkei drops 92 points led by Nvidia supplier Advantest - Tue 17 Dec 2024
Nikkei225 Summary
Tue 17 Dec 2024 - Japan’s Nikkei drops 92.81 points led by Advantest which counts Nvidia as a key client of its testing services; this mirrors Nvidia's recent weakness in its stock price after Chinese regulators opened an investigation into its sales practice. Sales in China account for about 17% of Nvidia's total revenue.
- Nikkei225 39,364.68 (-92.81 -0.24%) 71 up 153 down 1 flat
- Topix 2,728.20 (-10.13 -0.37%)
- REIT 1,624.63 (-3.40 -0.21%)
- JGB 10YR 1.077% (+0.0055)
- USD/JPY 153.43 (-0.73 -0.47%)
- Crude Oil 70.22 (-0.49 -0.69%)
Top Performers
- SoftBank Group Corp. ¥9,837.00 (+416.00 +4.42%) - telecoms & venture investor in Alibaba, ARM, OpenAI, DoorDash etc
- Japan Steel Works Ltd. ¥6,469.00 (+264.00 +4.25%) - steel
- Keisei Electric Railway Co. Ltd. ¥4,181.00 (+164.00 +4.08%) - train operator
Bottom Performers
- Advantest Corp. ¥8,664.00 (-894.00 -9.35%) - semicon -> mirroring Nvidia's recent stock weakness as Nvidia is a key client
- Furukawa Electric Co. Ltd. ¥6,732.00 (-283.00 -4.03%) - industrial electronics
- Nissan Motor Co. Ltd. ¥337.60 (-13.80 -3.93%) - automotive -> markets speculate a merger with Honda; no confirmation from Honda or Nissan yet.
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