South Korean shares surge after chip stock rout

It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.

After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chip shares higher.

Strong earnings from Lam Research, Microsoft and Arm boosted hard-hit semiconductor stocks.

Some investors are concerned that tech giants’ enormous AI spending is unsustainable.

MarketsUnwinding of AI-linked trades sends warning signals across Japan and TaiwanStock in SK Hynix dropped on July 29 despite the South Korean company announcing robust earnings earlier in the day. © ReutersJADA NAGUMOJuly 29, 2026 17:43 JSTTOKYO -- South Korean stocks accelerated their recent declines on Wednesday, w

The gains came even as India's IT sector continues to face headwinds, including subdued discretionary technology spending, pricing pressure, higher employee costs and uncertainty over how artificial intelligence could affect conventional outsourcing revenues.

Morning Bid: Chip rout moves into pAnIc territory  Reuters

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market…

It’s a chip panic that “appears to be indiscriminate,” analysts say.

STOCK markets are tumbling in Asia amid an AI-sell off as investors dump some of the industry’s biggest chip stocks.