Asian markets registered heavy losses on Thursday (18/7), as they followed the Nasdaq technology trade.
Chip-related stocks fell sharply after reports of tighter restrictions on US exports if Donald Trump is re-elected.
follow the decline of the Nasdaq the Nikkei Japan’s 225 fell 2%, while the Topix fell 1.17%.
Shares of Tokyo Electron, which supplies Taiwan Semiconductor Manufacturing Company, fell about 10 percent, while other chip-related stocks such as Advantest and Organo lost about 5 percent and 3 percent, respectively. .
Japan’s trade data was released earlier. The country’s exports rose 5.4% year-on-year in June, from 13.5% in May, while imports rose 3.2% last month, from 9.5% in May. Exports and imports were below analysts’ forecasts.
Losses were 1.33% for the Korean Kospi at 2,804 points, 0.2% for the ASX at 8,041 points and 0.12% for the Shanghai Composite at 2,959 points.
Australia’s S&P/ASX 200 fell 0.37%.
Hong Kong’s Hang Seng and China’s CSI 300 rose 0.5% and 0.31% respectively.