The Tokyo stock exchange closed slightly lower on Monday. In particular, the chip companies were sold by the uninspiring trading session of the US tech gauge Nasdaq on Friday.
The other chief stock markets in the Asian region also showed minor primarily negatives. In Hong Kong, the opening of stock exchanges was delayed by a weather alert, with warnings of hefty rain leading to flooding and traffic congestion in the city.
The main index in Tokyo, the Nikkei 225, eventually ended 0.1 percent in the minus at 29,048.02 points.
Chip equipment maker Tokyo Electron and chip tester Advantest fell more than 1 percent. US chipmaker Intel CEO Pat Gelsinger warned that the impact of the global chip shortage is likely to be felt most powerfully in the second half of the year.
The boss of the world’s largest chip group does not expect the market to have a healthy relationship between supply and demand before 2023.
