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Global Market: Japan Shares Slide as Chip Stocks Tumble on Global Tech Rout

Japans Nikkei plunged 2.97%, tracking Wall Streets technology sell-off as rising global bond yields and renewed Middle East uncertainty dampened risk appetite. Semiconductor stocks led declines, with Kioxia and Furukawa Electric falling over 10%. SoftBank also dropped sharply, while Mercari, Shiseido and Otsuka Holdings gained despite the broad market decline.

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Business Times broke the news in Singapore, Singapore on Wednesday, August 19, 2026.
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