Japanese indices decline, affected by a decline in chip company stocks

TOKYO, 16 JULY / WAM / Japanese stock indices declined today, with the Nikkei index falling by more than three percent, affected by a decline in the shares of electronic chip companies.

The Nikkei index fell 3.1 percent to 66,597.62 points during early Asian trading, and the broader Topix index fell 1.2 percent to 4,039.07 points.

The stock of “Kioxia”, which manufactures memory chips, was the biggest loser on the Nikkei index, as it fell 13.5 percent. Advantest, a manufacturer of chip testing equipment, fell 7.1 percent, and SoftBank Group, a technology investment conglomerate, fell 7.2 percent.

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