Bearish
Nikkei 225 drops 3.95% to 62,365 amid tech selloff and global market concerns.
The Nikkei 225 Index declined by 3.95% to close at 62,365 on July 28, 2026, marking its lowest point in over two months. This downturn was driven by a significant selloff in semiconductor and technology stocks, influenced by global market concerns and a sharp decline in U.S. chipmakers.
Key points
- Semiconductor stocks like Kioxia Holdings (-18.3%), SoftBank Group (-4.4%), Advantest (-10.1%), Taiyo Yuden (-11%), and Tokyo Electron (-11%) led the decline.
- Heavyweight banking stocks also weakened, with Mitsubishi UFJ (-3.6%), Sumitomo Mitsui (-3.9%), and Mizuho Financial (-4.9%) posting notable losses.
- Oil prices extended their decline after President Donald Trump said the US had resumed negotiations with Iran aimed at ending the Middle East conflict.
Sources
AI-generated from public news sources. Not financial advice.
