Nikkei down 1.3%, driven by electronics and tech stocks

Nikkei down 1.3%, driven by electronics and tech stocks


Updated October 25, 2023 at 8:16 p.m. ET

0012 GMT — Japanese stocks are lower in early trading, led by falling electronics and technology stocks, as concerns resurface over rising energy costs and borrowing in the context of the conflict in the Middle East. Avantest is down 4.9% and SoftBank Group is 3.4% lower. USD/JPY is at 150.07 from 149.85 at the close of the Tokyo Stock Exchange on Wednesday after US Treasury yields rose sharply overnight. Japanese Exchange GroupThe results will be highlighted later today. The Nikkei Stock Average was down 1.3% at 30865.43. (kosaku.narioka@wsj.com; @kosakunarioka)

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