Shares in Asian chip firms plunge further as AI sell-off continues
Seoul’s Kospi index is dominated by semiconductor manufacturers. Photograph: Ahn Young-joon/APView image in fullscreenSeoul’s Kospi index is dominated by semiconductor manufacturers. Shares in the fellow chipmaker Samsung Electronics also tumbled further, trading almost 10% lower.The two companies together account for more than half of the market capitalisation of the Kospi, which has led to them holding sway over the market this year.
- ▪Seoul’s Kospi index is dominated by semiconductor manufacturers.
- ▪Photograph: Ahn Young-joon/APView image in fullscreenSeoul’s Kospi index is dominated by semiconductor manufacturers.
- ▪Shares in the fellow chipmaker Samsung Electronics also tumbled further, trading almost 10% lower.The two companies together account for more than half of the market capitalisation of the Kospi, which has led to them holding sway over the m
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| Canonical URL | https://www.theguardian.com/business/2026/jul/29/asian-chip-firms-shares-plunge-ai-sell-off-stock-markets |
| Publication time | Wed, 29 Jul 2026 08:50:26 GMT |
| Retrieval time | 2026-07-29T09:01:01.371Z |
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Seoul’s Kospi index is dominated by semiconductor manufacturers. Photograph: Ahn Young-joon/APView image in fullscreenSeoul’s Kospi index is dominated by semiconductor manufacturers. Photograph: Ahn Young-joon/APStock marketsShares in Asian chip firms plunge further as AI sell-off continuesDrop comes after South Korean company SK Hynix’s results undershot investors’ expectations Business live – latest updates Joanna PartridgeWed 29 Jul 2026 04.50 EDTLast modified on Wed 29 Jul 2026 04.51 EDTSharePrefer the Guardian on GoogleShares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, sending the country’s stock market tumbling for the second day in a row.Seoul’s Kospi index, which is dominated by semiconductor manufacturers,…
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