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As on : 19-Aug-2026
Market Commentary - Foreign Markets
19-Aug-2026     17:43

Tech Sell-off drags Japanese stocks

Japanese stocks fell sharply on Wednesday, marking a second consecutive day of losses. The Nikkei 225 dropped 3.16% to 65,326, while the Topix declined 3.09% to 4,012. The decline was driven by semiconductor and technology stocks due to significant selling in AI-related chipmakers on Wall Street. Rising global bond yields and higher oil prices negatively impacted investor mood, with Japan's 10-year government bond yield reaching a 30-year high. Companies tied to the global AI supply chain saw major losses: Kioxia Holdings fell 12.6%, Furukawa Electric dropped 13.7%, and Toyota lost 2.7%.

INDIAN INDICES

Sensex

73,895.74 315.20 (0.43%)

Nifty

23,140.50 77.40 (0.34%)

GLOBAL INDICES

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NA

NASDAQ
HANG SENG

24,507.16 -253.98(-1.03%)