More Stories

Informist, Friday, Jul. 17, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Asian indices fall, selling pressure in tech stocks mounts

 

MUMBAI--0802 IST--Asian stock markets got off to a weak start on Friday, with benchmark indices posting sharp losses in early trade as investors tracked overnight declines in US technology stocks. Japan's Nikkei 225 index and Taiwan's TAIEX were down by nearly 4%, leading losses in the region. Meanwhile, Brent crude oil futures rose nearly 2% from Thursday's lows, hovering around $85 a barrel and further dampening market sentiment.

 

In Japan, stocks related to artificial intelligence and semiconductor equipment manufacturing tanked. Heavyweight Advantest Corp. plunged more than 10%, while Tokyo Electron and Renesas Electronics Corp. fell around 8%. Murata Manufacturing Co. and Disco Corp. dropped nearly 9%, and Keyence Corp. lost by about 4%. TOPIX, Japan's broader market index, was down over 2%. 

 

In Taiwan, the semiconductor giants Taiwan Semiconductor Manufacturing Co. was down by almost 4% and MediaTek was down by nearly 7%. Shares of Hai Precision Industry, commonly known as Foxconn, shed over 2%. Hong Kong's benchmark index, Hang Seng, snapped its five-session winning streak and slipped into the negative territory. South Korea's KOSPI was closed for Constitution Day. 

 

"Asia's AI trade thesis is being tested again. After a strong rally so far this year - led by semiconductors - concerns have resurfaced about potential overcapacity in the AI build-up," Reuters quoted analysts at HSBC as saying. 

 

The following are the levels of key indices in the region at 0759 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64100.66	(-)4.09
TOPIX FIRST SECTION	3930.34	(-)2.44
S&P/ASX 200 Index	8769.90	(-)0.80
Hang Seng Index	24741.04	(-)1.07
CSI 300 Index	4611.0378	(-)1.86
FTSE Singapore Strait Times	5514.60	(-)0.45

 

(Ruchira Kagita)

---

Equity Alert: US indices end lower as technology stocks take a beating

 

MUMBAI--0730 IST--Despite a better-than-expected inflation print, weakness in technology stocks dragged down the US indices. The technology-heavy NASDAQ Composite posted the steepest losses Thursday to fall nearly 1.5% while the S&P 500 and the Dow Jones Industrial Average also closed in the red. All the three major indices snapped their two-session winning pace. 

 

SanDisk Corp. tumbled almost 13% and shares of Micron Technology and Intel Corp. fell almost 6%, Advanced Micro Devices and Broadcom by around 5%, Qualcomm and Alphabet over 4%, and those of Nvidia and Meta by more than 2%. The PHLX Semiconductor Sector Index, which tracks 30 stocks involved in semiconductor manufacturing, closed over 4% lower and the S&P 500 Information Technology index was down nearly 2%. In the blue-chip Dow Jones, retail, healthcare and pharmaceutical stocks help limit losses.

 

On the macroecnomic front, the number of people applying for fresh unemployment benefits dropped by ‌8,000 to a seasonally 208,000 for the week ended Jul. 11. This is lower than Reuters' poll of an increase to 217,000. Meanwhile, continuing claims for the week ended Jul. 4 was 1.805 million, down by 16,000 from an upwardly revised total of 1.82 million a week earlier.

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52552.97	(-)0.20
NASDAQ Composite	25881.946	(-)1.47
S&P 500	7533.77	(-)0.51

 

(Ruchira Kagita)

 

US$1 = INR 96.34

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.