Japanese semiconductor stocks have experienced a significant downturn, with major players in the sector seeing substantial losses during the trading session.
Kioxia Holdings Corp shares dropped sharply by 6.6%, leading the decline among its peers. Meanwhile, SoftBank Group Corp also suffered a notable setback, with its stock price falling 6.3% amid the broader market sell-off in the tech sector.
Adding to the negative sentiment, Advantest Corp, a key player in semiconductor testing equipment, saw its shares decline by 6.5% as investor concerns over the chip industry's outlook continue to weigh on market performance.
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