Asian stock markets plunged across the region! The Nikkei dropped more than 4%, with China and Hong Kong weakening.

Asian stock markets fell broadly today (July 17, 2569) as selling pressure on semiconductor stocks continued to weigh on global markets, coupled with escalating tensions in the Middle East following the US's continued attacks on Iran, leading investors to reduce their holdings of risky assets. South Korean stock markets were closed for Constitution Day.

Japanese stock market

The Nikkei index plunged more than 4% due to heavy selling in technology and semiconductor stocks, amid concerns over a global slowdown in chip stocks and tensions in the Middle East impacting investment sentiment.

• The Nikkei index closed at 64,141.12 points, down 2,694.42 points or -4.03%.

Chinese stock market

The Shanghai Composite Index closed down more than 3%, driven by selling pressure on large-cap and technology stocks as investors sought to avoid geopolitical risks and a global chip market correction.

• The Shanghai Composite Index closed at 3,764.15 points, down 118.26 points or -3.05%.

Hong Kong Stock Market

The Hang Seng Index fell in line with other Asian markets, as major technology stocks such as Tencent, Alibaba, Baidu, and Meituan were pressured by selling pressure as investors reduced their exposure to technology stocks.

• The Hang Seng Index closed at 24,562.24 points, down 446.36 points or -1.78%.

South Korean stock market

The South Korean stock market is closed today (July 17, 2569) in observance of Constitution Day, and therefore there will be no trading.

refer : www.cnbc.com

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