|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||336.23 - 345.15|
|52 Week Range||236.09 - 595.00|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||24.18|
|Forward Dividend & Yield||14.22 (5.31%)|
|Ex-Dividend Date||Mar 30, 2023|
|1y Target Est||N/A|
Japan's Nikkei edged lower on Thursday, with chip-related companies Tokyo Electron and Advantest dragging the most after Micron Technology scaled back its memory chip supply and capital spending, raising concerns of a slowdown in the industry. Micron was the first major chipmaker to sound an alarm about falling demand for personal computers and smartphones earlier this year in the face of decades-high inflation. Chip-making equipment manufacturer Tokyo Electron fell 2.67% to be the biggest drag in the Nikkei, while chip-testing equipment maker Advantest slipped 3.58%.
Japan's Nikkei index hit a two-month high on Friday, led by Tokyo Electron and other growth stocks, tracking gains in Wall Street as signs of slowing inflation sparked speculation the U.S. central bank might become less aggressive with rate hikes. The Nikkei rose 2.75% to 28,300.75 by the midday break, in what would be the biggest daily gain since Oct. 14. U.S. stocks jumped overnight as cooler-than-expected inflation data suggested the Federal Reserve's barrage of interest rate hikes are beginning to have their intended effect.
(Bloomberg) -- Key chip equipment supplier Tokyo Electron Ltd. slashed its full-year outlook after memory makers cut spending and the US ramped up restrictions on cutting-edge chip-gear exports to China.Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineFTX Latest: Binance CEO Zhao Plans Recovery FundWorld’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It HoldsChina Plans Property Rescue in Latest Surprise Policy