Nobody was forced to sell: Japan's AI stocks fell in order of beta on 17 July NEW
On 17 July the Nikkei 225 closed at 64,141, down 2,694 points on the day. That is a fall of 4.03%. As a one-day drop it ranks fifth on record; as a week it was the largest ever, at 4,416 points. Semiconductors and the wider AI complex led the way down: Kioxia Holdings fell 16.1%, Ibiden 9.9%, Tokyo Electron 8.2% and Advantest 7.2%. The headlines reached for a warning about the AI growth story. Line the day’s moves up in a row, though, and the story that was supposedly under threat is nowhere to be seen. What shows up is duller than that. ...