News
Global semiconductor rout: Nasdaq under pressure, Kospi plunges
South Korea’s KOSPI tumbled by more
The premium article will be available in00:00:00
28.07.2026 03:02 PM
South Korea’s KOSPI tumbled by more than 10% on Tuesday amid a broad semiconductor sell-off. Trading was halted after the index hit a session low, with Samsung Electronics and SK Hynix plunging sharply.
What happened and why?Investors aggressively reduced exposure to chip stocks on concerns that rising competition from Chinese AI startups and domestic chip producers threatens the market positions of global leaders that had benefited from the AI rally.
A short-lived surge in sector stocks followed the record IPO of China’s
Fresh articles are available only to premium users
Read analytics in early access, getting information first
