South Korea's KOSPI drops 7% as global chipmaker selloff deepens
- Posted on July 28, 2026
- By Business News Today
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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.
