Japanese Stocks Slip on Selloff in Semiconductor Shares, Oil Climbs
Japanese stocks slipped to close in the red as a selloff in semiconductor shares dragged down the market, deepening losses for chipmakers.The benchmark Nikkei 225 closed down 2,694.42 points, or 4.03%, at 64,141.12.Oil prices gained on tighter supply and growing uncertainty following the geopolitical escalation in the Middle East as the US-Iran conflict intensifies after the US reimposed a naval blockade around Iran.The slide in chipmakers has deepened investors' concerns over the exposure to artificial intelligence-led technology investments.On the corporate side, Sotetsu Holdings (TYO:9003) has set the terms for its 47th series of unsecured bonds, totaling 10 billion yen, according to a Friday filing with the Tokyo bourse.And Nissan Motor (TYO:7201) has launched its Elgrand premium minivan loaded with the e‑POWER hybrid system and updated e‑4ORCE electric-drive all-wheel control technology in Japan.
