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Japan's Nikkei falls as Kioxia tanks, mitigated by gains in Tokyo Electron
TOKYO: Japan’s Nikkei share average traded lower on Monday as memory chip maker Kioxia tanked, while gains in Tokyo Electron and other firms with strong outlooks limited the losses. The Nikkei fell 0.31% to 63,095.11 by the midday break. The broader Topix lost 0.84% to 3,931.61. “There were negative factors such as Wall Street’s fall last week and Kioxia’s earnings,” said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. “But some companies such as Tokyo Electron and Panasonic reported stronger-than-expected earnings, and that supported the Nikkei.” Kioxia shares slipped 13.29% to bec...
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