Send
Print
ykanazawa1999
Wakachiku Construction, a firm with historical connections to Kyushu, saw an increase of 8.4% in Tokyo trading, marking its largest rise since March 18. Nittoc Construction, a producer of earthquake-proof foundations, increased by 6.4%, while Token Corporation climbed by 2.8%.
A 7.1-magnitude quake hit Kumamoto Prefecture on Tuesday, July 28. According to the Associated Press, at least 18 individuals died and 62 were wounded. The Aeon Mall in Kashima City experienced significant destruction due to the earthquake causing an explosion. Initial reports suggest that a gas leak could have been the cause.
According to Kazuhiro Sasaki, head of research at Phillip Securities, shares in civil engineering firms may be a good investment following significant earthquakes, as their services will be needed in the impacted regions. He further noted that Kumamoto Prefecture, affected by the earthquake, houses production facilities for semiconductor equipment makers, such as Tokyo Electron.
After the earthquake, multiple Japanese car manufacturers and semiconductor companies halted operations at their facilities in Kyushu, as reported by Reuters. Toyota paused operations at three of its facilities until Friday, July 31, to evaluate the effects on suppliers and logistics. Honda Motor halted activities at its motorcycle facility.
TSMC, the leading contract chip manufacturer globally, removed employees from the Kumamoto facility operated by its Japanese affiliate, Japan Advanced Semiconductor Manufacturing (JASM). Chip manufacturer Renesas halted work at two facilities following a ceiling collapse and wall cracks.
source: reuters.com
A 7.1-magnitude quake hit Kumamoto Prefecture on Tuesday, July 28. According to the Associated Press, at least 18 individuals died and 62 were wounded. The Aeon Mall in Kashima City experienced significant destruction due to the earthquake causing an explosion. Initial reports suggest that a gas leak could have been the cause.
According to Kazuhiro Sasaki, head of research at Phillip Securities, shares in civil engineering firms may be a good investment following significant earthquakes, as their services will be needed in the impacted regions. He further noted that Kumamoto Prefecture, affected by the earthquake, houses production facilities for semiconductor equipment makers, such as Tokyo Electron.
After the earthquake, multiple Japanese car manufacturers and semiconductor companies halted operations at their facilities in Kyushu, as reported by Reuters. Toyota paused operations at three of its facilities until Friday, July 31, to evaluate the effects on suppliers and logistics. Honda Motor halted activities at its motorcycle facility.
TSMC, the leading contract chip manufacturer globally, removed employees from the Kumamoto facility operated by its Japanese affiliate, Japan Advanced Semiconductor Manufacturing (JASM). Chip manufacturer Renesas halted work at two facilities following a ceiling collapse and wall cracks.
source: reuters.com
