Nikkei index falls slightly – chip stocks in demand

Exchange in Toko

The prices on the stock exchanges in Asia fell slightly.


(Photo: dpa)

Such The Japanese benchmark index fell on Friday. The Nikkei Index, which comprises 225 values, fell 0.25 percent to 28,626 points after rising to its highest level in around three decades the previous day. The broader Topix index lost around 0.5 percent to 1864 points. “This is a very limited decline,” said the chief investment strategist for Mitsubishi UFJ Morgan Stanley Securities, Norihiro Fujito. “The market is supported by solid demand for chip stocks.”

The papers from the technology sector were in demand after Taiwan Semiconductor Manufacturing Co. (TSMC) reported an unexpectedly good quarterly result. This gave an extra boost to already sought-after Japanese chip stocks, Fujito said. The papers of TSMC about four percent rose in price.

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