---
title: "Chipmakers Drag Much of Asia Lower"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293027202.md"
description: "Asian markets declined sharply on Friday, led by a selloff in chipmakers. Japan's Nikkei fell 4%, while Taiwan's Taiex cratered 6.5%. Key tech stocks dropped significantly: SoftBank and Tokyo Electron lost over 9%, Kioxia plunged 14% due to a patent ruling, and TSMC fell 3.6% despite strong profits. Hong Kong's Hang Seng also tumbled 1.8%, with major internet firms like Tencent and Alibaba seeing losses."
datetime: "2026-07-17T11:06:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293027202.md)
  - [en](https://longbridge.com/en/news/293027202.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293027202.md)
generator: "portal-rs"
---

# Chipmakers Drag Much of Asia Lower

A selloff in Asia-Pacific markets accelerated on Friday, with chipmakers extending their decline.

In Japan, the Nikkei 225 index plummeted 2,694.42 points, or 4%, to 64,141.12.

In Hong Kong, the Hang Seng index tumbled 446.36 points, or 1.8%, to 24,562.24. 

Shares of SoftBank dropped 9.2%, while chip equipment maker Tokyo Electron lost 9% and Advantest slid 9.4%, tracking steep overnight losses on Wall Street.

Japanese memory chipmaker Kioxia plunged over 14% after a federal jury in Texas on Thursday ordered the firm to pay $229 million in damages after finding it infringed a Viasat patent related to computer memory technology.

Hong Kong-listed shares of Tencent slipped 1.3%, Meituan fell 2.4% and Kuaishou lost 3.3%, while Baidu eased 0.7% and Alibaba lost 1.3%. 

Taiwan’s TSMC fell 3.64% on Friday, a day after the company posted a sharp jump in profit, topping market expectations.

In other markets;

Markets in Korea were closed for holiday.

In Shanghai, the CSI index slumped 169.34 points, or 3.6%, to 4,529.10.

In Singapore, the Straits Times 50 index lost 29.95 points, or 0.5%, to 5,509.43

In Taiwan, the Taiex index cratered 2,953.71 points, or 6.5%, to 42,671.27.

In New Zealand, the NZX 50 recovered 79.9 points, or 0.6%, to 13,694.68.

In Australia, the ASX dipped 43.92 points, or 0.5%, to 8,796.75.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**