South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge

Asian shares are mixed, while South Korea’s Kospi share index fell 6% on prolonged selling of chipmaking shares

South Korea’s Kospi share index falls nearly 7%, other Asian shares also mostly lower  AP News

South Korea’s Kospi share index falls nearly 7%, other Asian shares also mostly lower  Toronto Star

South Korea’s Kospi share index has dropped nearly 7% on prolonged selling of chipmaking shares

A trader works on the floor of the New York Stock Exchange (NYSE) at the closing bell, in New York on Jul 24, 2026. (Photo: AFP/Angela Weiss) 29 Jul 2026 05:52AM NEW YORK: Wall Street stocks mostly rose Tuesday (Jul 28) behind solid earnings and a pullback in oil prices, offsetting weakness in chip shares and in Asian

South Korea’s Kospi index plunged nearly 11 per cent on Tuesday on heavy selling of computer chipmaking stocks that have been battered recently by waves of fears that the boom in artificial intelligence may turn out to be a bubble.

HONG KONG (AP) — South Korea’s Kospi index plunged nearly 11% on Tuesday on heavy selling of computer chipmaking stocks that have been battered recently by waves of fears that the boom in artificial intelligence may turn out to be a bubble.

Chip companies ASML, Besi, and ASMI suffered heavy losses on the Damrak during the final trading hours on Monday.