
Asian Stocks: Japanese stocks fell 1.5% in the first half of the day, SoftBank dropped 3%, and semiconductor stocks retreated
Japanese stocks fell in the early market, with attention on Sino-U.S. trade relations. U.S. tech stocks dropped last Friday (30th), impacting Japanese semiconductor and electronic component shares. The Nikkei average index fell 551 points or 1.5%, reporting at 37,414 points.
Semiconductor stocks such as DISCO (6146.JP), Tokyo Electron (8035.JP), and Renesas Electronics (6920.JP) fell by 1.6% to 2.2%. Advantest (6857.JP) and Kioxia (285A.JP) dropped by 3.8% and 4.6%, while Seiko (3436.JP) and Sosei (6526.JP) fell by 3.7% and 3.9%. Fiber optic manufacturer Fujikura (5803.JP) rose by 0.9%, while SoftBank (9984.JP) fell by 3%.
Shipping stocks such as Nippon Yusen (9101.JP) fell by 2%, while Mitsui O.S.K. Lines (9104.JP) and Kawasaki Kisen Kaisha (9107.JP) dropped by 1.2% and 1.3%. Automotive stocks Toyota (7203.JP) and Honda (7267.JP) fell by 2.3% and 2.1%. Heavy industry stocks Mitsubishi Heavy Industries (7011.JP) fell by 0.4%, while Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) rose by 0.2% and 1%.
Additionally, Sony (6758.JP) and Nippon Steel (5401.JP) fell by 0.5% and 0.9%, while Nintendo (7974.JP), Fast Retailing (9983.JP), Mitsubishi UFJ Financial Group (8306.JP), and Panasonic Holdings (6752.JP) dropped by 1.7% to 1.9%. IP operator Sanrio (8136.JP) rose by 4.5%.
The Japanese yen exchange rate rose, with the dollar to yen falling by 0.4% to 143.5

