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Japan's Nikkei slides into correction zone on tech selloff, Middle East conflict
SG🏛️ PoliticsCenter6 hr. ago

Japan's Nikkei slides into correction zone on tech selloff, Middle East conflict

Japan's Nikkei 225 fell 4.03% to 64,141.12 on Friday, entering correction territory amid global declines in technology stocks and heightened geopolitical tensions in the Middle East. The index is down 11.3% from its peak on June 25, with the broader Topix dropping 2.72%. The downturn followed weak performance in U.S. tech stocks, strong economic data, and hawkish comments from the Federal Reserve. South Korean chipmaker SK Hynix saw over 13% losses, contributing to increased selling pressure in Japan's tech sector. Kioxia Holdings, a major player in semiconductors, plummeted 16.1%, marking its worst single-day drop since November 2025. Analysts note that while AI-related optimism persists, current concerns focus on sustainable memory chip price growth. Meanwhile, Seven & I Holdings rose 3.64% after announcing potential investment in a European convenience store chain.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter6 hr. ago
Japan's Nikkei slides into correction zone on tech selloff, Middle East conflict

Japan's Nikkei 225 fell 4.03% to 64,141.12 on Friday, entering correction territory amid global declines in technology stocks and heightened geopolitical tensions in the Middle East. The index is down 11.3% from its peak on June 25, with the broader Topix dropping 2.72%. The downturn followed weak performance in U.S. tech stocks, strong economic data, and hawkish comments from the Federal Reserve. South Korean chipmaker SK Hynix saw over 13% losses, contributing to increased selling pressure in Japan's tech sector. Kioxia Holdings, a major player in semiconductors, plummeted 16.1%, marking its worst single-day drop since November 2025. Analysts note that while AI-related optimism persists, current concerns focus on sustainable memory chip price growth. Meanwhile, Seven & I Holdings rose 3.64% after announcing potential investment in a European convenience store chain.

Bias read (Center): The article presents a balanced overview of factors affecting Japan's stock market, including global tech sector declines, geopolitical developments, and analyst commentary. It does not take a clear ideological stance on any political issue, nor does it emphasize specific political narratives. The报道

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