Nikkei225, as the semiconductor rally faltered, 0.81% lower at the open
8In Tokyo trading, the Nikkei225 started 0.81% lower 67,704.16The market opened amid pressure on investor sentiment from sharp declines in U.S. semiconductor stocks, news of a vessel being attacked near the Strait of Hormuz, and rising international oil prices.
Nikkei225 index started trading at 7 month 8 morning at 9 as of 67,704.16. It was 68,256.96 below the previous trading day's close, down 552.80 points (0.81%).
Weakness in U.S. stocks overnight weighed on the start of Asian trading. In particular, the sharp decline in the semiconductor sector affected investor sentiment.
Intel plunged 9.7% overnight. Micron Technology fell 4.71%.
Marvell Technology and AMD fell 7.45% and 6.51%, respectively.
The VanEck Semiconductor ETF (SMH), which reflects semiconductor trends, fell 3.8%.
The situation in the Middle East also weighed on markets. The UK Maritime Trade Operations (UKMTO) said that Qatari liquefied natural gas carrier 1 vessels and tanker 2 vessels were attacked near the Strait of Hormuz.
The Qatari government and the United States blamed Iran for the attack. The U.S. military launched retaliatory airstrikes targeting Iran.
International oil prices rose by approximately 5%. The news of the sharp rise in oil prices added further pressure on stock markets.
Sources: 뉴시스 경제
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