The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeState Minister Shaikh Faridul Islam Visits Rajshahi Silk Factory to Review Silk ProductionMalaysian Borneo Town Declares Haze Emergency Due to Indonesian FiresAltamash Kabir Elected President of Dhaka Club for 2026-2027Firefighters Tackle Early Morning Blaze at Badda Furniture WarehouseRybakina Reaches US Open Fourth Round, Edges Closer to World No. 1 RankingIsraeli Military Conducts Strikes in Southern Lebanon, Urges Immediate EvacuationIran's Revolutionary Guards Report Attack on US Naval Drone Near Strait of HormuzPutin Engages in Late-Night Discussions with US Envoys Regarding Ukraine ConflictGuyana Agrees to Accept Deported Migrants from the United StatesIsar Aerospace Achieves Orbital Launch Milestone with Rocket from NorwayPrince William to Represent King Charles III at Funeral of Norway's King HaraldInter Milan and Roma Both Claim Serie A Top Spot with Thrilling Comeback WinsAustralia's Winning Streak Halted in Thrilling 28-28 Draw Against ArgentinaTwo Soldiers Dead, 14 Missing Following Explosions at Bolivian Army BaseFar-right AfD Expected to Win Saxony-Anhalt Election in Eastern Germany

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
Share
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.

Topics

Comments

More in business

See all →

Latest stories