Nikkei 225 · July 17, 2026
The July equipment makers slid too
-4.03%
single-day change vs previous close
Part of a longer stretch
The same argument, shallower in Tokyo
midway through · 2026-06-25 → 2026-07-29, -15.11% over the whole period
What happened that day?
- The Nikkei 225 fell 4.03% on the day
- Days earlier chip shares had collapsed in Korea and the KOSPI had fallen 669 points in a session. The aftershock was still running
- What marks this period in Japan is how large the weight of chipmaking equipment and materials firms had become. Their results move with world capital spending
- Capital spending falls before the economy does and rises before it too. That makes these shares unusually sensitive to the outlook
- No actual decline in orders had been confirmed. What was in the price was the calculation that orders would fall
- The correction ended in late July as US technology results came in
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.