Market Commentary - Foreign Markets
Nikkei Ends Lower By 0.43% As on : 17-Jul-24  15:51

Japanese markets retreated as chip-related stocks declined amid concerns that another Trump presidency could disrupt global trade.

Also, the IMF lowered Japan's 2024 growth outlook, citing temporary auto output disruptions and weak private investment in the first quarter.

The Nikkei average dipped 0.43 percent to 41,097.69 while the broader Topix index settled 0.37 percent higher at 2,915.21.

Tokyo Electron plunged 7.5 percent, Screen Holdings gave up 6.5 percent and Advantest fell 2.6 percent.

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