The downturn follows a US inflation report that increased expectations of higher interest rates from the Fed. Investors are citing the financing of artificial intelligence investments and rising borrowing costs as pressures on tech valuations. This wave of selling pushed the Nikkei to its 6th straight day of losses, with the benchmark index down 8% over the last 6 trading sessions.
Tuesday, October 20, 2026
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SK Hynix Plunges 10% as Asia Tech Selloff Deepens
Global Markets6 days ago
Samsung Electronics shares declined 7.1% and the Nikkei 225 fell 4% on Thursday as semiconductor stocks across Asia tracked losses on Wall Street. The rout widened to include South Korea's SK Hynix, which dropped more than 10% in trading. In Japan, the slump was led by SoftBank Group, which lost 7.9%, alongside declines of 7.3% for Advantest and 5.8% for Tokyo Electron.
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