The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InAmid a broad correction in AI-beneficiary stocks, Asian markets experienced a significant sell-off across major indices. According to reports, Japan's Nikkei 225 Index plunged 14.6% from its annual peak to reach 62,385 points. The selling pressure intensified in South Korea, where the Kospi Index moved deeper into bear market territory, falling more than 35% from its previous peak.
The semiconductor sector was hit particularly hard, with major tech constituents recording substantial losses; SoftBank shares declined by over 5%, while Tokyo Electron saw a drop exceeding 10%. Per market data, Tokyo Electron (8035.T) closed at 56,250 JPY on July 28, 2026, and SoftBank Group (9984.T) settled at 5,097 JPY on the same date, highlighting the strain on tech-heavy benchmarks.
Traders are monitoring key support levels after Advantest (6857.T) closed at 25,465 JPY and Murata Manufacturing (6981.T) at 7,177 JPY as of July 28, 2026. Looking ahead, while the upcoming calendar shows no immediate Japanese catalysts, markets continue to digest recent trade balance data which showed a deficit of 406.9 billion JPY, potentially impacting sentiment in the coming sessions.