Japanese tech shares tumble as U.S. semiconductor selloff spreads
2026-07-17 01:11:34
According to CNBC, Japanese technology stocks fell on Friday after a fresh drop in U.S. semiconductor shares spread across Asia, with investors growing more concerned about AI spending. SoftBank sank 8.8%, Tokyo Electron lost 9%, and Advantest fell 9.4% after steep overnight losses on Wall Street. Kioxia plunged more than 14% after a federal jury in Texas ordered it to pay $229 million in damages for infringing a Viasat patent tied to computer memory technology. The Nasdaq Composite fell 1.47% on Thursday, while the VanEck Semiconductor ETF lost almost 4%. TSMC raised its full-year capital expenditure forecast to $60 billion to $64 billion from $52 billion to $56 billion, but sentiment stayed weak as investors worried about the sector's spending cycle.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
