Japan stocks open lower; Nikkei 225 drops 0.71% as tech and large caps weigh
Japanese equities opened in the red on June 12, mirroring weak global cues and profit-taking in heavyweight sectors. The Japan 225 Index (Nikkei) declined 0.71%...
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Kioxia Holdings to launch IPO with market cap potentially reaching 1.5 trillion yen
Kioxia Holdings, targeting an IPO as early as October, plans to use the proceeds for research and development and capital investments to enhance its competitiveness. The move comes amidst signs of market recovery and growing demand for semiconductors driven by digitalization and AI.
Kioxia gears up for Tokyo IPO, valuation could hit $500 million, insiders say
According to sources close to the matter, Kioxia's management has been working closely with financial advisors to finalize the details of the listing.
Nikkei slips amid profit-taking as BOJ normalization bets narrow Yen decline
The yen's recent decline, spurred by the BOJ's ongoing ultra-loose monetary policy, has been a double-edged sword for Japanese equities.
Yen’s surge sends Nikkei tumbling as export-related stocks face sell-off
The decline was largely attributed to the yen's strengthening, which hit a six-month high against the dollar, trading at 138 yen per dollar during the session.
Nikkei surges over 700 points on optimism for Yen stability and Nvidia earnings
Market analysts attribute the rally to a combination of factors, chief among them the prospect of the yen stabilizing after weeks of rapid gains against the U.S. dollar.