Asian markets close sharply lower as technology fears return
Asian equity markets ended Friday, 24 July, under heavy selling pressure as renewed concerns about artificial intelligence spending, rising bond yields and geopolitical uncertainty weakened investor confidence.
Japan’s Nikkei 225 fell 2.73% to 64,611.15, with technology and semiconductor shares leading the decline. The broader Topix lost 1.05% to finish at 4,011.31.
South Korea recorded the region’s steepest fall. The Kospi plunged 5.72% to 6,690.62 as investors reduced exposure to volatile technology and chip stocks.
Hong Kong’s Hang Seng declined 0.98% to 24,963.23, while China’s Shanghai Composite dropped 1.61% to 3,814.20. India’s Sensex slipped 0.43% to 76,059.77.
Australia also closed lower, with the ASX 200 falling 0.75% to 8,772.30. Singapore provided one of the few positive results as the Straits Times Index edged 0.12% higher.
Risk remains elevated
The broad retreat followed renewed concerns about the cost of large-scale AI investment and uncertainty over whether future earnings will justify current technology valuations.
Higher oil prices during much of the Asian session also revived inflation concerns, while investors continued monitoring trade tensions and developments in the Middle East.
Newshub Editorial in Asia – 25 July 2026
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