The global sell-off in AI and semiconductor-related stocks shows no signs of stopping, with Advantest and Tokyo Electron continuing to slide, and Kioxia Holdings plunging to its daily limit down on the 17th. The Nikkei 225 briefly fell to 62,704 yen, its lowest level in about a month, and broke below its 75-day moving average. The NT ratio has dropped from 18.02 times on June 25 to 16.37 times, as risk-averse investors increasingly rotate funds into domestic demand sectors such as cyclical and consumer-related stocks. Against this backdrop, five names are drawing attention: Mitsubishi UFJ Financial Group, Shin-Etsu Chemical, Sony Group, Zensho Holdings, and Mercari.
Kioxia Holdings Corporation
Advantest Corp.
TE Connectivity Ltd
Shin-Etsu Chemical Co., Ltd.
Mercari, Inc.
Sony Group Corporation
Zensho Holdings Co., Ltd.
Mitsubishi UFJ Financial Group, Inc.