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Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

South Korea's Kospi index has experienced a dramatic plunge of over 11% due to heavy sell-offs in chipmaking stocks, led by Samsung Electronics and SK Hynix. Market fears over a potential bubble in AI-related stocks are contributing to wide...

AP News· Jul 28, 2026 · 8:44 AM · 68 views

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South Korea's Kospi index has experienced a dramatic plunge of over 11% due to heavy sell-offs in chipmaking stocks, led by Samsung Electronics and SK Hynix. Market fears over a potential bubble in AI-related stocks are contributing to widespread panic across Asia, with some analysts arguing this sell-off might be an overreaction. Full story and more reels: https://newsreel.video #news #breaking #SouthKorea #Kospi #stocks #marketnews #AI

Originally reported by AP News. Read the full story →

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