Nikkei 225 and KOSPI Set for Mixed Start Amid Chip Sector Declines
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowAsia-Pacific markets are expected to extend losses as investors rotate out of technology stocks, tracking declines in the U.S. Japan's Nikkei 225 futures are at 68,775, down from a last close of 68,733.15. The S&P/ASX 200 is anticipated to open at 8,762, compared to its last close of 8,724.50. Meanwhile, the VanEck Semiconductor ETF (SMH) fell 4.5%, led by a 13.6% drop in Teradyne and an 11.5% decline in KLA, impacting sentiment for tech stocks, including Nvidia, which fell by 1.4%.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About KLA Corporation (KLAC)
KLA makes process-control and inspection equipment for chip manufacturing.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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