Japanese equities slip as strong yen hits exporters, chip stocks hold

Japanese stocks slipped on Wednesday as a firmer yen weighed on big exporters, while chip makers helped keep the market from falling further.

Yen strength drags down exporters

The stronger yen makes overseas sales worth less in yen terms, hurting companies that earn most of their money abroad. Auto giants felt the pain – Toyota dropped about 1.8% and Subaru fell 1.2%. Electronics leaders also slipped, with Sony down 1.9% and Nintendo down 0.8%.

Chip makers keep the market afloat

Semiconductor equipment makers gave the Nikkei a lift. Advantest jumped 2.5%, adding roughly 127 points to the index. Tokyo Electron rose 0.7%, and smaller rival Screen Holdings surged 10% after an analyst raised its price target.

Financial stocks retreat after BOJ rate hike

Financial firms gave back some of the gains they made after the Bank of Japan lifted interest rates to a three‑decade high. Insurers fell about 1.6% as a group, and banks slipped roughly 1%.

What to watch next

With most overseas markets on holiday at week‑end, big moves in Japanese equities are unlikely in the next two days. The market will be open as usual on Thursday and Friday.

Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.