0638 GMT - Japan's Nikkei Stock Average fell 0.3% to close at 38073.98, reversing earlier gains. The index was weighed down by losses among semiconductor- and electronics-related names. Arm Holdings' results overnight seem to have sent shivers through chip stocks, Charu Chanana, head of FX strategy at Saxo Markets, says in a commentary. These shivers, along with the BOJ's tightening hints, could have capped gains, Chanana adds. Rohm dropped over 10%, Trend Micro shed 4.1%, and Tokyo Electron lost 2.9%. USD/JPY was at 155.62, compared with 155.16 as of Wednesday's Tokyo stock market close. The JGB 10-year yield was up 3 bps at 0.905%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 09, 2024 02:39 ET (06:39 GMT)
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