Japan's Nikkei edges lower with focus on firmer yen, Nvidia earnings
Updates prices as of 0230 GMT; adds analyst comments
By Kevin Buckland
TOKYO, Aug 28 (Reuters) -Japan's Nikkei share average edged lower on Wednesday amid a strengthening yen and caution ahead of earnings from AI darling Nvidia later in the day.
The Nikkei .N225 ended the morning session down 0.23% at 38,199.52, continuing its narrow fluctuations since mid-month anchored around the psychological 38,000 mark.
Of the index's 225 components, 155 fell, 65 rose, while five were trading flat.
The broader Topix .TOPX slipped 0.08%.
Market expectations for Nvidia's NVDA.O financial report are sky-high, and anything short of a stellar forecast from the chipmaker could jolt investor confidence in the AI-fuelled rally.
"The bar is extremely high, and depending on the result, stocks could swing wildly," which is keeping investors largely sidelined ahead of Nvidia's announcement, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
Japanese semiconductor-sector shares were broadly mixed, with chip-testing equipment maker and Nvidia supplier Advantest 6857.T rising more than 3% to be the Nikkei's biggest gainer by index points.
At the same time, chip-testing machinery giant Tokyo Electron 8035.T was the biggest drag on the index, down 1.77%.
The yen extended overnight gains in early trade to 143.69 per dollar, but then reversed course to be about 0.26% weaker at 144.34 as of 0230 GMT. On Aug. 15, it traded closer to 150 per dollar.
A stronger yen reduces the value of overseas sales, while also making stocks more expensive for overseas investors.
"Even though the yen is weakening a little now, the trend is for gradual yen appreciation, which is a weight on stocks," Ichikawa said.
Automaker shares were mixed, with Nissan 7201.T down 1.05% and Mazda 7261.T sliding 1.03%, while Toyota Motor 7203.T rallied 3.4% and Honda 7267.T advanced 0.67%.
Rakuten Group 4755.T led percentage gainers on the Nikkei, jumping more than 9% following share price target upgrades at Morgan Stanley MUFG Securities and Citi.
Reporting by Kevin Buckland; Editing by Rashmi Aich
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
