South Korea's KOSPI drops 7% as global chipmaker selloff deepens

South Korean shares plunged on Tuesday as a global selloff in chipmakers weighed ​on technology heavyweights, pressured by concerns over ‌intensifying competition from China and a steep decline in SK Hynix's U.S.-listed shares.

Jul 28, 2026 - 06:00
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South Korea's KOSPI drops 7% as global chipmaker selloff deepens
South Korean shares plunged on Tuesday as a global selloff in chipmakers weighed ​on technology heavyweights, pressured by concerns over ‌intensifying competition from China and a steep decline in SK Hynix's U.S.-listed shares.

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