EL7.AI
StocksMedium•28 July 2026•
1 min read

Asian Tech Stocks Plunge as Nikkei Drops 14.6% Amid Semiconductor Sell-off

Key Facts

1The Nikkei 225 Index plunged 14.6% from its annual peak to reach 62,385 points.
2Major tech stocks including SoftBank and Tokyo Electron saw sharp declines exceeding 5% and 10% respectively.
3South Korea's Kospi Index moved deeper into bear market territory, falling over 35% from its peak.

Amid 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) traded at 56,250 JPY on July 28, 2026, and SoftBank Group (9984.T) traded 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) traded 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.