Asian Stock Markets Fall on July 17 as Semiconductor Selling Spreads; Nikkei Down 3.93%, Taiwan Down 3.75%

According to Yonhapinfomax, on July 17, Asian stock markets fell sharply as semiconductor selling intensified following overnight U.S. chip stock declines. Japan's Nikkei 225 index dropped 3.93% to 64,205.60, while Taiwan's market fell 3.75% to 43,915.98 as of 10:58 a.m. local time. China's Shanghai Composite fell 0.78% to 3,852.25, and Hong Kong's Hang Seng index declined 0.86% to 24,793.69.

The selloff was triggered by negative developments in AI-related sectors, including Google delaying a Gemini product launch and TSMC raising its capital expenditure guidance. Japanese stocks Kioxia and SoftBank Group fell approximately 13% and 9%, respectively.