Why is Kospi down over 6000 points? Chip valuation fears drag South Korea index down 10%
- Posted on July 28, 2026
- By Financial Express
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- 1 min read
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Why is Kospi down over 6000 points? Chip valuation fears drag South Korea index down 10%
South Korea's Kospi index plunged nearly 10% amid fears over Chinese chip competition and cooling AI chip spending, triggering market circuit breakers and spreading selloffs across Asia. Investors are wary of high AI chip valuations and impact on major companies like SK Hynix and Samsung.
