--- title: "South Korean Stocks Closed to Avoid Storm, Japanese Stocks Plunge at Open, Nikkei 225 Tumbles 3%, Kioxia Slumps Over 15%" type: "News" locale: "en" url: "https://longbridge.com/en/news/292964061.md" description: "Japanese stocks plunged at the open, with the Nikkei 225 tumbling 3.45% and Kioxia slumping over 15%, driven by weak US tech performance, a stronger yen hurting exporters, and Middle East tensions reducing liquidity. South Korea's market was closed for Constitution Day." datetime: "2026-07-17T00:49:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292964061.md) - [en](https://longbridge.com/en/news/292964061.md) - [zh-HK](https://longbridge.com/zh-HK/news/292964061.md) generator: "portal-rs" --- # South Korean Stocks Closed to Avoid Storm, Japanese Stocks Plunge at Open, Nikkei 225 Tumbles 3%, Kioxia Slumps Over 15% TradingKey - Japanese equities extended losses at the open, with the Nikkei 225 tumbling over 3%, Kioxia plunging over 15%, and SoftBank dropping more than 7%. During the Asian session on July 17, South Korea's market was closed for Constitution Day, while Japanese stocks extended the previous day's panic-driven selloff, opening lower and continuing to slide. The Nikkei 225 Index fell 3.45%, briefly losing the 65,000 level to trade temporarily at 64,527.49 points, hitting a new low in over a month. Nikkei 225 Index chart, Source: TradingView Kioxia opened significantly lower, falling 15.33% and losing the 55,000 mark to trade temporarily at 52,590 yen, hitting a near two-month low. SoftBank fell for the third consecutive day, completely erasing its recent gains, opening down 7.11% today and approaching the 5,500 mark to trade temporarily at 5,537 yen. Overnight, US semiconductor and AI stocks failed to mount an effective rebound, with the Philadelphia Semiconductor Index falling over 4%, and Micron Technology ( MU) falling over 5%, and Nvidia ( NVDA) falling over 2%, spreading caution among investors regarding high-valuation tech sectors. As a major hub for semiconductor equipment in the Asia-Pacific region, Japan's related supply chain faced pressure at the open. In addition, the yen's rebound against the US dollar directly weighed on the profit expectations of major Japanese exporters reliant on overseas revenues, such as Toyota and Honda, dragging the broader market further down. Ongoing tensions in the Middle East have tightened global liquidity, significantly reducing stock market liquidity. Find out more ### Related Stocks - [1570.JP](https://longbridge.com/en/quote/1570.JP.md) - [1357.JP](https://longbridge.com/en/quote/1357.JP.md) - [1571.JP](https://longbridge.com/en/quote/1571.JP.md) - [1329.JP](https://longbridge.com/en/quote/1329.JP.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) - [KXIAY.US](https://longbridge.com/en/quote/KXIAY.US.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [7203.JP](https://longbridge.com/en/quote/7203.JP.md) - [TM.US](https://longbridge.com/en/quote/TM.US.md) - [7267.JP](https://longbridge.com/en/quote/7267.JP.md) - [HMC.US](https://longbridge.com/en/quote/HMC.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [TOYOF.US](https://longbridge.com/en/quote/TOYOF.US.md) ## Related News & Research - [REG - Samsung Electronics Samsung Elec - SMSD - Matters related to public disclosure obligation](https://longbridge.com/en/news/296589969.md) - [Kakao to spin off chat app-based platform business into KakaoAI, relist in 2027](https://longbridge.com/en/news/296558074.md) - [3 Japanese AI Infrastructure Stocks With Strong Earnings Growth Potential](https://longbridge.com/en/news/296695124.md) - [3 Japanese Stocks With High ROE Built For Higher Interest Rates](https://longbridge.com/en/news/296016717.md) - [Coincheck Group N.V. GAAP EPS of ¥6.92, revenue of ¥114.33B](https://longbridge.com/en/news/296104610.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**