Asian shares slipped further on Thursday after declines for AI stocks dragged the US market to its worst day in nearly a month.
Traders are waiting for an update on US inflation, and on a decision Friday by Japan’s central bank on interest rates. The Bank of Japan is expected to raise its key rate by 0.25 percentage point to tamp down price pressures, despite a contraction in the July-September quarter.
Tokyo’s Nikkei 225 lost 1.2 per cent to 48,929.95, with technology shares leading the decline.
Computer chip maker Tokyo Electron lost 3.5 per cent while chip testing equipment maker Advantest dropped 4.1 per cent.
Honda Motor Corp fell 2.9 per cent after reports said it was suspending production at some plants in Japan and China due to shortages of computer chips.
South Korea’s Kospi sank 1.8 per cent to 3,989.06, also pulled lower by selling of shares in electronics companies and automakers. LG Electronics declined 4.3 per cent, while Samsung Electronics lost 1.6 per cent.
Chine​Asian shares slipped further on Thursday after declines for AI stocks dragged the US market to its worst day in nearly a month.
Traders are waiting for an update on US inflation, and on a decision Friday by Japan’s central bank on interest rates. The Bank of Japan is expected to raise its key rate by 0.25 percentage point to tamp down price pressures, despite a contraction in the July-September quarter.
Tokyo’s Nikkei 225 lost 1.2 per cent to 48,929.95, with technology shares leading the decline.
Computer chip maker Tokyo Electron lost 3.5 per cent while chip testing equipment maker Advantest dropped 4.1 per cent.
Honda Motor Corp fell 2.9 per cent after reports said it was suspending production at some plants in Japan and China due to shortages of computer chips.
South Korea’s Kospi sank 1.8 per cent to 3,989.06, also pulled lower by selling of shares in electronics companies and automakers. LG Electronics declined 4.3 per cent, while Samsung Electronics lost 1.6 per cent.
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