Japan's Nikkei Falls as Samsung-Led Chip Selloff Weighs on Regional Tech Stocks

Micron, SanDisk, and Western Digital Sink 7% as Samsung Earnings Spark a Memory Selloff

Memory and storage stocks are selling off sharply in early trading Tuesday, reversing Monday’s rebound. Micron Technology (NASDAQ:MU) shares are down 7% to $917, SanDisk (NASDAQ:SNDK) stock is off 7% to $1,616, and Western Digital (NASDAQ:WDC) shares are dropping 7% to $537. The selling extends across the group. Seagate Technology (NASDAQ:STX) stock is down 5% ... Micron, SanDisk, and Western Digital Sink 7% as Samsung Earnings Spark a Memory Se…

Watch Market Selloff: Asia Stocks Drop on Chip Selloff, Nasdaq Futures Down

Asian equities fell as renewed selling in technology stocks, including Samsung Electronics Co. and SK Hynix Inc., deepened concerns that the AI-driven rally may have run ahead of itself. Futures for the tech-heavy Nasdaq 100 Index retreated 1.1%, suggesting Monday’s rebound on Wall Street was losing momentum. European shares were also set for losses. Bloomberg's Avril Hong and Mark Cranfield report.

Japan's Nikkei falls as Samsung-led chip sell-off weighs on regional tech stocks

Samsung Electronics fell more than 5% after its forecast for a 19-fold jump in second-quarter operating profit from a year earlier disappointed investors who had expected a stronger earnings outlook

Japan's Nikkei falls as Samsung-led chip selloff weighs on regional tech stocks

Japan's Nikkei index fell as semiconductor stocks declined, mirroring Samsung's drop. High-flying memory maker Kioxia shares experienced a significant decrease. Investors shifted towards financial and other undervalued stocks, boosting their performance. The broader Topix index saw a slight slip after reaching a record high. Banking shares and Toyota Motor saw notable gains during the session.

Asian stocks today: Nikkei, Kospi fall over 4% as technology stocks weigh; Samsung shares slide

Asian stocks today: South Korea's Kospi fell 4%, while the small-cap Kosdaq index slipped 0.72%. Japan's Nikkei 225 traded marginally lower, although the broader Topix index edged up 0.60%.

Nikkei 225: bullish pattern emerges as Kioxia stock, Japan bond yields jump

The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday's sharp sell-off. The index was trading at 39,770, about 7% below its highest level this year. Despite the recent weakness, it has formed a highly bullish technical pattern, signaling that a rebound could be on the horizon. Kioxia, Softbank, and top AI stocks rebound The Nikkei 225 Index wavered, even as top AI stocks that plunged on Tue…