TOKYO: Japan’s Nikkei share average ended largely flat on Thursday, recovering from early losses, with technology stocks paring declines triggered by disappointment at Nvidia’s latest forecasts.
The Nikkei finished down 0.02% at 38,362.53, after falling as much as 1.12% earlier in the day.
The broader Topix eked out a 0.03% rise.
Chip-making equipment giant Tokyo Electron lost 1.76%, after falling as much as 3.49% earlier. Smaller peer Disco ended 2.46% lower, largely recovering from a 5.33% decline.
Chip-testing equipment maker Advantest, a supplier to Nvidia, managed to finish 0.3% higher, reversing earlier losses of 3.6%.
Nvidia’s revenue and gross margin forecasts failed to live up to their recent history of trouncing Wall Street targets, overshadowing a beat on revenue and earnings, as well as a $50 billion share buyback.
Source: Brecorder
