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Japan's finance minister Katayama said interest-rate movements should be decided by the market.

2026-07-17

Japan's finance minister Katayama said interest-rate movements should be decided by the market.

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2026-07-17

Kioxia Holdings plunged as much as 16% intraday on Friday as investors unwound leverage in AI-related tech names, dragging the Nikkei 225 down more than 6% to a one-month intraday low. Taiwan’s TAIEX fell about 6.5%. South Korea was closed for a holi

Kioxia Holdings plunged as much as 16% intraday on Friday as investors unwound leverage in AI-related tech names, dragging the Nikkei 225 down more than 6% to a one-month intraday low. Taiwan’s TAIEX fell about 6.5%. South Korea was closed for a holiday; Australia, Hong Kong and Singapore markets also declined. Kioxia, a key beneficiary of this year’s AI-led rally, hit intraday limit down; its market value fell to roughly ¥28 trillion from a peak near ¥60 trillion (about $370 billion), and the stock is about 50% below its June 22 intraday high. JP Morgan’s quantitative strategies team said recent market sentiment has swung toward excess pessimism — narratives that the AI boom is ending or an AI bubble is bursting — and added: “Although supply-demand adjustment in AI names may be nearing completion, AI stocks driven by sentiment and flows may still need more time to bottom as these pessimistic narratives fully unwind.”
2026-07-17

According to the Wall Street Journal, Honda will discontinue its only electric vehicle model sold in the United States.

According to the Wall Street Journal, Honda will discontinue its only electric vehicle model sold in the United States.
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