Tuesday, 28 July 2026 · World
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EUROS The World Financial Report
Nº 17 Tuesday, 28 July 2026 · World Edition
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South Korea's KOSPI drops 7% as global chipmaker selloff deepens

Markets-Economic Times · 3h ago · 🇮🇳 India
South Korea's KOSPI drops 7% as global chipmaker selloff deepens

South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK Hynix shares dropped sharply, impacting the broader market significantly. Samsung Electronics also saw a considerable decrease in its stock value. Concerns over China's growing capacity and technological advancements further dampened investor sentiment.

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