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Stocks

Market Scramble: China triggers hopes, fears in Japan-led industries

Semiconductor-related stocks hindered by concerns of overproduction

TOKYO -- Many companies in fields led by Japanese players are shining on the Tokyo Stock Exchange, but semiconductor-related shares have dulled amid concerns that China could trigger a supply glut in the industry much like it did with steel.

Demand for machine tools and industrial machinery is recovering, mainly in China and other Asian nations. Leading machine tool maker DMG Mori rose as much as 7% on Tuesday before closing at a year-to-date high. The issue has climbed more than 20% over an eight-day winning streak. Among companies involved in industrial robots, Fanuc and Mitsubishi Electric rose.

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