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Nikkei Falls 4%, Kospi 7.6% Amid China's Reported Chip Breakthrough

Japanese and Korean shares experienced significant drops following reports of a Chinese breakthrough in semiconductor technology.

By Staff Correspondent
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Nikkei down over 4%, Kospi 7.6% on China chip breakthrough report | Business
BSS

The Nikkei 225 dropped by 4.1 percent to 62,248.78, while the Kospi fell by 7.9 percent to 6,221.81. This sharp decline occurred as U.S. semiconductor chip stocks dropped following a report that China's Shanghai Yuliangsheng has begun mass production of extreme ultraviolet (EUV) lithography machines, a technology previously mastered only by the Dutch firm ASML.

FAQs

Q: What caused the drop in Japanese and Korean shares? A: The drop was caused by a report that China's Shanghai Yuliangsheng has begun mass production of EUV lithography machines. Q: How much did the Nikkei 225 drop? A: The Nikkei 225 dropped by 4.1 percent. Q: How much did the Kospi drop? A: The Kospi dropped by 7.9 percent. Q: What is the significance of China's breakthrough in EUV lithography? A: This technology was previously mastered only by the Dutch firm ASML, making China's breakthrough a significant development in the semiconductor industry.

Source: BSS

FAQ

What caused the drop in Japanese and Korean shares?
The drop was caused by a report that China's Shanghai Yuliangsheng has begun mass production of EUV lithography machines.
How much did the Nikkei 225 drop?
The Nikkei 225 dropped by 4.1 percent.
How much did the Kospi drop?
The Kospi dropped by 7.9 percent.
What is the significance of China's breakthrough in EUV lithography?
This technology was previously mastered only by the Dutch firm ASML, making China's breakthrough a significant development in the semiconductor industry.

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