Nikkei drops 1.35% as Samsung-led chip selloff hits regional tech stocks
AI Market Summary
Japan's Nikkei fell as a Samsung-led semiconductor selloff hit regional tech, with KOSPI sliding sharply and Japan's chip-linked names such as Kioxia, Advantest and Tokyo Electron weakening. The move signals near-term risk-off rotation out of growth/semis into value and financials, evidenced by gains in major Japanese banks and relative resilience in broader Topix versus the tech-heavy Nikkei.
Impact level
● Medium
Affected assets
NCSINIKKEI2252USD/USDT-2.54%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Japan’s Nikkei 225 fell 1.35% on Tuesday to 68,798.93 as a Samsung Electronics-led selloff pressured semiconductor shares across the region. Samsung forecast a 19-fold jump in second-quarter operating profit from a year earlier, but the outlook fell short of market expectations, sending South Korea’s KOSPI down more than 5% in early trade. Japan’s memory maker Kioxia slid 10.86%, while Advantest and Tokyo Electron fell 0.64% and 1.85%. Funds rotated into value stocks such as financials, with Mitsubishi UFJ Financial Group rising 3%.
