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MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

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Tech Up As Sector Correction Draws Bargain Hunters -- Tech Roundup

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02/26/2020 | 06:08pm EDT

The technology sector ticked up as bargain hunters bought up stocks that were on the cusp of correction territory.

Shares of big tech companies such as Apple, Microsoft and Google parent Alphabet rose after a sharp decline earlier this week.

Google and Microsoft are accelerating efforts to shift production capacity for their hardware products away from China due to the coronavirus epidemic, the Nikkei Asian Review reported Wednesday.

Several major technology companies, including work-place software maker WorkDay have cancelled conferences because of coronavirus concerns.

Rajeev Misra, a former banker who spearheads SoftBank Group's $100 billion Vision Fund struck at two of his main rivals inside SoftBank using personal sabotage, such as attempting to set a sexual blackmail trap, The Wall Street Journal reported.

Panasonic plans to end its partnership with Tesla that produces solar panels at a factory in Buffalo, N.Y., the company said Wednesday. Shares of Tesla added to their recent losses, but remain up more than fourfold from their summer lows.

Write to Rob Curran at rob.curran@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -4.53% 1110.26 Delayed Quote.-17.11%
APPLE INC. -4.14% 247.74 Delayed Quote.-15.63%
AUTOBACS SEVEN CO.,LTD. 0.90% 1240 End-of-day quote.-1.51%
BUFFALO CO.,LTD. 7.74% 960 End-of-day quote.2.56%
MICROSOFT CORPORATION -4.11% 149.7 Delayed Quote.-5.07%
NIKKEI 225 3.88% 19389.43 Real-time Quote.-21.10%
PANASONIC CORPORATION 4.44% 752.6 End-of-day quote.0.39%
SOFTBANK GROUP CORP. 18.95% 3791 End-of-day quote.-1.53%
TESLA, INC. -2.61% 514.36 Delayed Quote.22.96%
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