Asian shares slip and South Koreas Kospi index sinks 10% on heavy selling of chipmaking stocks
HONG KONG (AP) — South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. Oil prices fell more than 1%, while U. S. futures were little changed. Trading was temporarily halted as Kospi dropped to its lowest level since April as shares in chipmakers Samsung Electronics and SK Hynix dropped sharply. The Kospi was down 10. 5% at 6,051. 19 by midday...
Read MoreTue, 28 Jul 2026
- Asian shares slip and South Koreas Kospi index sinks 10% on heavy selling of chipmaking stocks
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