Global Market: Japan’s Nikkei Plunges over 4% as Chip Stocks Track Global Tech Selloff
Chipmakers led a regional selloff as Japan’s Nikkei 225 fell 3.91%, while Hong Kong and Shanghai also traded lower.
- On Tuesday, July 28, 2026, Japan's Nikkei 225 dropped 3.91 per cent, or 2,538.19 points, as Asian shares fell amid a broad semiconductor selloff following mixed results on Wall Street.
- Reports that China is using DUV etching machines to advance chip production unsettled investors, who had assumed the country faced tighter constraints due to bans on Dutch firm ASML's advanced EUV equipment.
- South Korea's Samsung Electronics fell more than 12 percent and Kioxia dropped 18 percent, while TSMC slid 3.0 percent despite a 77 percent profit surge, reflecting broader valuation concerns.
- Stephen Innes at SPI Asset Management warned the AI buildout faces a steeper track as Goldman Sachs projects big tech debt issuance will rise from roughly $250 billion in 2026 to around $400 billion next year.
- Dilin Wu at Pepperstone told Bloomberg News "the bar is just extremely high right now" for tech earnings, as traders trim positions ahead of results from SK hynix and SoftBank Group.
21 Articles
21 Articles
Goldman Says Japan’s AI Stock Trade ‘Not Broken’ After Rout
Goldman Sachs Japan Co. says a sharp selloff in Japan’s artificial intelligence-related stocks has created a buying opportunity, arguing that strong earnings could revive investor appetite for semiconductor shares.
Japanese media analysis suggests that the South Korean stock market is behind the unusually high volatility in the Japanese stock market. The diagnosis is that the movements of domestic semiconductor stocks, such as Samsung Electronics and SK Hynix, are linked to Japanese artificial intelligence (AI) and semiconductor stocks, thereby amplifying the fluctuations of the Nikkei 225 average stock price (Nikkei Index). According to the Nihon Keizai S…
(Tokyo=Yonhap News) Correspondent Cho Seong-mi = On the 28th, as Asian semiconductor-related stocks fell sharply across the board, Japanese media cited Korea as the background for the volatility in the Japanese stock market...
Chipmakers pushed Asian stock markets into a steep slide.
Radio France Internationale
France24Why are tech stocks tanking?
South Korea's Samsung Electronics fell more than 12 percent and Japanese memory chipmaker Kioxia was down 18 percent, while Taiwanese giant TSMC slid 3.0 percent. The declines followed losses by major US semiconductor stocks, after a report said a company was making specialised ultraviolet etching machines to boost China's chip industry. Here are the main factors behind the most recent tech rout: Chinese chip tech Wall Street chip shares sank Mo…
The Tokyo Stock Exchange concludes the session in sustained decrease, with the technology again to act as ballast, on the fears of excessive investments in the field of artificial intelligence and the doubts on the profitability of the companies of the sector. (ANSA)
Coverage Details
Bias Distribution
- 62% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
