Nikkei sank 4.03% to 64,141.12 in correction on tech selloff

Japan's Nikkei 225 fell 4.03% to close at 64,141.12 on July 17, entering correction territory, Reuters reported. Intraday losses reached 6.18%. The slide was driven by a tech selloff compounded by Middle East conflict. For savers, it shows how crowded chip stocks can transmit global shocks to portfolios quickly.