Japan’s Nikkei ends flat as tech stocks rebound
Companies like Tokyo Electron and Advantest, which supply equipment and materials to the semiconductor sector, were among those that felt the impact of the initial sell-off.
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Companies like Tokyo Electron and Advantest, which supply equipment and materials to the semiconductor sector, were among those that felt the impact of the initial sell-off.
The index gained 61.90 points during the session, breaking through previous records and surpassing the 7,600 thresholds for the first time in history.
The Nikkei had experienced a significant 12.4% drop on August 5, 2024, the largest single-day decline since the 1987 Black Monday crash.
The shift in investor focus is significant. Data from the Korea Securities Depository indicates that Korean investors' net capital inflow into U.S. stocks reached $12.3 billion in the first four months of 2024, a dramatic increase compared to previous years.
The Nikkei 225 and Topix indexes, key indicators of Japanese market health, experienced their steepest declines since March 2020, each dropping over 5%.
The IPO, scheduled to open for subscription on August 5 and close on August 9, aims to raise substantial capital to fuel Ola Electric’s growth and innovation.
TMON, a leading online marketplace known for its diverse range of products, and WeMakePrice, which has built its reputation on discount retail and group buying, are both contending with substantial financial difficulties.
In 2023, South Korea experienced a record-high daily foreign exchange (FX) turnover in its banking sector, reaching an average of $65.96 billion per day.
In light of the current banking system liquidity deficit, HDFC Bank expects deposit growth to be influenced by higher rates. The bank is selective in retaining deposits that align with its profitability objectives.
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