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How the semiconductor rout and earnings gloom pushed Nikkei down 5% — Market Wrap Jul 17, 2026
Today's AI insights from 7horns.ai reveal a harsh global tech selloff with the Nikkei falling 5%, officially entering correction territory. The semiconductor sector is at the heart of the turmoil, driven by rising capital expenditure concerns and souring corporate earnings. Taiwan’s market also dropped 5%, while Hong Kong’s Hang Seng declined 2%. In U.S. pre-market trading, the Nasdaq 100 proxy QQQ is down 1.69%, reflecting intensified tech weakness. Notably, Intuitive Surgical plunged 11.49% after lowering procedure growth guidance, and Netflix dropped 9.87% on disappointing revenue…
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